The single-family rental (SFR) sector is in growth mode. The build-to-rent (BTR) industry has been one of the fastest-growing segments of single-family home construction for a number of years — and 2024 was no exception. Combining the flexibility and low maintenance of renting with the space, comfort and privacy of a single-family home, single-family rentals check all the right boxes. It’s no wonder, then, that builders are responding by increasing the construction of new single-family homes, which will help alleviate the housing shortage and introduce more options into the rental market.

Key Highlights From the 2024 SFR BTR Report:

The build-to-rent sector broke its previous record with 39,000 new single-family rentals hitting the market in 2024—a 15.5% increase over 2023.

• Top-performing metros in BTR completions:
  • Phoenix, AZ – 4,460 completions (highest in the U.S.)
  • Dallas, TX – 3,197 new single-family rentals
  • Atlanta, GA – Over 3,000 new rentals
• The BTR sector is expected to keep growing, with 109,898 single-family rental homes currently in development nationwide.

Phoenix leads the way with an impressive 4,460 new units added in 2024, which represents an 18% increase compared to the previous year. Arizona’s largest city and capital, Phoenix is home to four Fortune 500 companies and thrives on key industries like real estate, finance, insurance, and manufacturing—making it a magnet for both residents and newcomers. And a closer look at the metro’s population growth is proof that the region is going in the right direction: In one year alone, between 2023 and 2024, the Phoenix metro added 85,000 new residents — the sixth highest net gain out of all of the metros in the nation.

To read the rest of this report: https://www.point2homes.com/news/research/build-to-rent-completions-reach-historic-high.html