With high home prices and mortgage rates, many Americans are turning to rentals.
June 20, 2023
With high home prices and mortgage rates, many Americans are turning to rentals. CNBC’s Diana Olick has more details on why an increasing share of houses are being built specifically for renters in a booming build-to-rent business.

A societal shift towards renting houses, driven by factors like rising home prices, economic uncertainty, and changing lifestyle preferences, is impacting the housing market, with more people, particularly younger generations, choosing to rent over buy. Here's a more detailed breakdown of the reasons behind this trend: