The portion of rental properties among construction of new, single-family homes has been growing as investors find less foreclosed housing to purchase and convert into houses for rent. About 5.8% of the 535,000 single-family homes last year were constructed as rental properties, up from 4.8% that were built in 2011, according to an analysis of census data by the National Association of Homebuilders. Home builders like Marc Jungers sell newly-built homes to investors at a discount because it helps them accelerate sales and generate revenue.

Related Summaries