Big landlords jump into the homebuilding business as demand for single-family rentals surges

Source: CNBC — 

As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies.

The push comes as more Americans have the flexibility to work from anywhere and are looking for larger spaces with outdoor areas.

“This market is very undersupplied. There are not enough quality homes for the number of American families,” said David Singelyn, CEO of American Homes 4 Rent, which has built more than 100 rental-only communities in the last five years.