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Rental home construction climbs as purchase prices surge

There haven t been so many single-family homes under construction in the U.S. since 2007, yet many of these new houses won t be for sale.
Investors are building tens of thousands of houses expressly to rent in a bet that Americans will keep flocking to spacious suburban living even if they can t afford to buy homes.
The Covid-19 pandemic sparked a race for space among Americans, and home prices have surged to records. The gains have outpaced wage growth, straining affordability despite historically low borrowing costs.
Homeownership is unaffordable for average wage earners in 55% of U.S. counties, up from 43% a year earlier, according to Attom Data Solutions, a real-estate analytics firm. Meanwhile, single-family landlords have reported record occupancy and fast-rising rents since the pandemic began. ....

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Taylor Morrison Recognized with Sixth Consecutive America's Most Trusted® Award

Taylor Morrison Recognized with Sixth Consecutive America s Most Trusted® Award
National homebuilder continues to hold No. 1 spot amidst pandemic and year of uncertainty
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SCOTTSDALE, Ariz., Jan. 7, 2021 /PRNewswire/ Building trust is no easy feat, but in a year where it was of the utmost importance, national homebuilder and developer Taylor Morrison Home Corp. (NYSE: TMHC) continued to show up for its customers in every way. For the sixth consecutive year (2016-2021), Taylor Morrison has been recognized as America s Most Trusted
® Home Builder by Lifestory Research, an annual study ranking home builders in the U.S. based on consumer trust. ....

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Taylor Morrison of Florida buys site for Orange County community

Taylor Morrison of Florida buys site for Orange County community
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