Real Estate

Big landlords jump into the homebuilding as demand for single-family rentals surges

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Jake and Stephanie Murphy are moving into a new single-family rental home built by American Homes 4 Rent.

Diana Olick | CNBC Real Estate Correspondent

As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies.

The push comes as more Americans have the flexibility to work from anywhere and are looking for larger spaces with outdoor areas.

“This market is very undersupplied. There are not enough quality homes for the number of American families,” said David Singelyn, CEO of American Homes 4 Rent, which has built more than 100 rental-only communities in the last five years.

According to the National Association of Home…



Source cnbc.com

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