There is no question that the housing market is in a gridlock, with homeowners unable or unwilling to move due to low-interest rate mortgages. The need for new construction is one solution to this problem, which could alleviate the housing inventory crisis. At the same time, there is a shortage of inventory, and home prices have jumped, even in a high-interest rate environment, making the dream of homeownership completely out of reach for many. First-time buyers are now in their mid-to-late 30s when they purchase their first property. …So, what happens to those who cannot reach homeownership today? Home builders have seen this data and seen, in turn, an opportunity: built-for-rent. Built-for-rent is the concept of new single-family home construction for the intent of renting. While there has been growth in new home sales and construction activity, multifamily home construction has also grown in recent years.