Richard Ross and Quinn Residences were featured in an article on The Wall Street Journal that focuses on the recent increase in build to rent homes, addressing how rent for houses is trending higher than rent for apartments. In particular, this piece notes how developers are “building new houses for rent at an unprecedented rate, aiming to capitalize on the steep home prices and higher mortgage rates that are forcing many Americans to keep renting.” This article begins by describing the affordability and versatility of rental homes, noting that they are becoming increasingly popular in Arizona, Texas, and Florida, among other places. Richard Ross is quoted as an expert voice in this article, sharing insights as a unique provider of single-family rental properties. The piece goes on to note how Quinn Residences “broke ground on about 300 new rental houses in Canton, Ga., this April.” Richard provides expert commentary on the trajectory of rental home construction, and is directly quoted, saying, “This isn’t going away.” The article continues, detailing the demographics of who is mostly likely to rent these homes, where they are located, and why they are choosing to rent, rather than buy, citing how home sales prices and mortgage costs are rapidly rising. This piece closes by noting that in response to scrutiny by lawmakers, home builders are beginning to build new rental homes, instead of buying existing ones and converting those into rentals, which helps to combat housing shortages.
”Last year developers completed 39% more new rental homes than in 2022.
Read the article in Wall Street Journal featuring Quinn Residences that focuses on the recent increase in build to rent homes, addressing how rent for houses is trending higher than rent for apartments.
