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Single-Family Built-for-Rent Construction Cools

The NAHB’s Eye on Housing says single-family built-for-rent (SFBFR) construction has cooled and investor interest has pulled back on tighter financial conditions. Citing data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, they report there were approximately 14k single-family built-for-rent (SFBFR) starts during the first quarter of 2023 – nearly 7% lower than Q1 2022. They say demand by investors for single-family rental units (new & existing) has cooled in recent months as financial conditions have tightened. Continue reading HERE...

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