Rental home construction is booming as developers aim to benefit from high home prices and mortgage rates, which are preventing many families from buying homes. In 2023, an estimated 93,000 new singlefamily homes intended as rentals were built, a 39% increase from 2022 and an alltime high, according to John Burns Research and Consulting. These new rental homes are particularly popular in rapidly growing suburbs in states like Arizona, Texas, and Florida. For instance, Kairos Living, a Chicagobased rental company, has been developing numerous rental properties in Baton Rouge and other Louisiana cities. Following last year's record, about 99,000 new rental homes are currently under construction nationwide, though new project plans have slowed due to tighter lending conditions.

Homes Are Still Unaffordable As Rates Hit Over 7% https://youtube.com/live/DtcbWsRuT3k
Crisis of American Men’ to Slash Home Prices by 30%, https://youtube.com/live/SrhbR7WORs
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