Roughly 5,000 single-family rental homes will be built in North Texas this year. Here’s what the homes and the masterplanned rental communities they’re located in look like, and why they’re gaining popularity, according to an architect who designs them.
Newly built rental homes make up about 9% of all new residential construction in Dallas-Fort Worth, and the product type is a rapidly growing segment of the market here and nationwide, especially across the Sunbelt.
The ability to work from home has become equally as important in these communities. To accommodate this shift, DBA designers include a home office in the floor plans for the units, and work pods in the clubhouses.about market and design trends in the build-to-rent space.People, especially young people, can't own a house because interest rates are so high and cap rates are so high. Most of these are young, just-married couples or young singles.
With interest rates so high compared to recent history, is that shifting more demand to single-family rentals?
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