New Homes Built with Renters in Mind

Monday, 04 November 2013 | by Pat's Picks

The Wall Street Journal says more single-family homes in the U.S. are being built with renters in mind - coinciding with a decline in the level of home ownership since the housing bust. Investors are buying up newly finished houses or developing homes specifically for renters. Nearly 6% of new homes built last year were built as rentals, the highest percentage since 1974.

SOURCE: Wall Street Journal