“Haven Realty Capital and JPMorgan Chase’s asset management arm said they will invest up to $1 billion to develop build-to-rent single-family homes across the country, according to a November 15 announcement.”
Builder confidence is at its lowest since 2012 and the bank is buying entire neighborhoods. First up, 250 homes around Atlanta. Homebuilders are happy to sell whole communities to one landlord. Families who wanted to buy one of those houses now rent it from a bank.