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

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

According to the National Association of Home Builders, there were 13,000 new single-family homes started as rentals in the first quarter of this year, up 63% from a year ago.

Homes-built-for-rent still represent just 5% of the home building market, but that's up from the 2.7% historical average, according to the association.

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