With buyers still scarce, big builder eyes home-rental market
The Wall Street Journal reports that as numbers of entry-level buyers continue to shrink, Stuart Miller, CEO of home builder giant Lennar Corp., says his company may start adding single-family homes for rent to their portfolio.
In what may feel like an overpriced housing market, some economists say that builders aren’t constructing the entry-level homes they should be focusing on, but are building pricey homes for buyers with exceptional credit.