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Rental homes. Forget about foreclosures, theyre buying new. That could mean a big boost to builders. Diana olick is actually here shes in the house, excuse the pun to explain how it all works. Li, mandy. Love a good pun. Look, it was supposedly a temporary trade. Largescale investors turning foreclosures into singlefamily rentals. Then when home prices recovered, theyd sell the homes and pocket a nice profit. But investors say it is not a trade. A bunchburgeoning new asset class. Theyre now going to new Home Builders buying in bulk to rent. A californiabased publicly traded reit in Single Family rentals has already bought a few hundred homes from builders and its ceo says that is just the beginning. I spoke with him outside one of his new rental near atlanta. You have no reason to sell any of your homes. No. I actually think we are coming into the most compelling three or four years that ive seen since ive been in the business. Ryan says not only is this a promising new frontier for hi
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