BTR Market Hits Record High With 39,000 Homes Completed

Single-family build-to-rent (BTR) housing is booming and sweeping beyond its base in the Southeast and Southwest to metros in other regions of the country.

“The pre- and post-pandemic BTR landscapes are so different that comparing the two time periods is like comparing apples and oranges: The market is unrecognizable,” according to a new report from Point2Homes, a listing portal for rental homes. “In just five years, the total number of build-to-rent single-family homes more than doubled, jumping from nearly 107,000 to 217,161.”

BTR reached a new peak in 2024, when 39,000 houses for rent were completed – an increase of 15.5% from 2023. “It’s worlds away from the 6,000 and 7,000 units a year that were coming online before the pandemic,” the report noted. BTR’s share of total home builds shot up from 3% to nearly 10% now.