It’s an excellent time to own single-family rental properties, a realization that’s reaching some of the nation’s largest home builders.
According to the National Association of Home Builders, 13,000 single-family homes were built as rentals in the first quarter of this year. Though that number is up 63% from a year ago, it’s still only 5% of the total home building market, and the numbers are rising. The total is almost double traditional levels.
