Developers Build on Home Rental Success With Whole Communities
Property developers are pouncing on sustained demand for stand-alone home rentals by taking a big step: Building entire single-family neighborhoods designed for renters. When the housing market crashed, investors took advantage by buying low-price homes in foreclosure in order to rent them out to tenants.
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Starts dropped in May by 11% from April and came in at an annualized rate of 1.04 million units. The April starts figure was a seven-year high. Despite the drop,
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KB Home to Cut C.E.O.’s Bonus After His Rant Against Kathy Griffin
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