A new generation of renters — primarily millennials — is fueling the rise of the build-to-rent market. Faced with rising home prices and interest rates, many are opting for upscale rentals that offer the space and amenities of a single-family home. BTR starts have doubled in just two years and...

Build-to-rent development is gaining momentum in Austin, with 7,100 units making up about 2.3% of the city's multifamily market. These single-family rentals are giving tenants an alternative to both traditional apartments and expensive for-sale homes. The growth of this segment reflects Austin's continued demand for flexible, family-friendly rental housing.

Build-to-rent housing has officially hit the mainstream. In 2023 alone, over 27,000 BTR units were completed nationally, and Texas is leading the pack with 15,600 units currently under construction. These purpose-built rental homes are especially popular among millennials, blue-collar workers, and families looking for more space without the burden of...