Home Builders Bypassing Individual Home Buyers for Deep-Pocketed Investors https://www.wsj.com/articles/home-builders-bypassing-individual-home-buyers-for-deep-pocketed-investors-11649678401
Investors who buy and then rent new homes are fast becoming a favorite customers of the home builder industry.
The vast majority of the hundreds of thousands of new homes built last year were sold to individuals and families to live in. But rising mortgage rates are making those purchases much more expensive and could lead to a pullback in demand by those traditional buyers.
However, investors holding billions of dollars are eager to buy these homes in bulk, a boon to home builders who have increased construction in recent months.
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