Renters to thank for healthier housing market

“Shares of the biggest U.S. builders including Lennar Homes (LEN) and Toll Brothers (TOL) have soared during the past year, but investors appear more excited about renters than a return of homeowners. To date, construction of multi-family units destined for the rental market rose by 150% over the two years ending in the third quarter of 2012. That’s by far higher than the 50% rise of newly constructed multi-family homes for sale, and a 30% increase of single-family starts also for sale, according to Capital Economics.”

http://finance.fortune.cnn.com/2013/02/12/housing-rentals/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin