The housing market has never been more challenging, and the traditional path of buying a home is becoming less feasible for many Americans. This trend is especially apparent in North Carolina, where the growth of built-to-rent homes is more than double the national average.
Why Built-to-Rent?
Built-to-rent housing offers a fresh approach to living. Imagine a new, single-family home with all the property management perks, without the need for a down payment or long-term commitment. In North Carolina alone, more than 1,000 built-to-rent homes are planned or under construction per million residents, according to the National Rental Home Council.
The Demand
These houses are in growing demand among those who can’t afford or find a single-family home, and those opting not to buy for lifestyle reasons. National construction of new built-to-rent homes hit a record high last year, with over 14,500 houses completed and three times as many under construction.
The North Carolina Surge
Built-to-rent neighborhoods have sprouted across North Raleigh and the suburbs in recent years, thanks to the Triangle’s rapid population growth. In just the past month, two large national builders submitted plans to build hundreds of built-to-rent homes in north Raleigh and Wake Forest.
This surge comes as a shortage in new construction has placed a strain on the Triangle’s housing market, driving up prices and rents. Raleigh alone has a shortage of around 17,000 housing units.
Trademark Residential: Your Partner in Built-to-Rent
At Trademark Residential, we recognize the potential of built-to-rent housing. We believe that building more single-family rentals can ease the supply crunch and provide a viable solution for many.
Let’s Explore Built-to-Rent Together
Are you interested in exploring the built-to-rent housing market? Whether you’re an investor, a potential tenant, or just curious about this growing trend, Trademark Residential is here to guide you.
Set up a discussion with us today and let’s explore the exciting opportunities that built-to-rent housing offers in North Carolina.
By embracing the built-to-rent trend, Trademark Residential is at the forefront of a housing revolution. Don’t miss the chance to be part of it. Contact us now and let’s shape the future of housing together.
