While millions of units are expected to be developed in the coming years, developers are expected to open 460,860 rentals by the end of December. However, a new RentCafe study revealed even that may not be enough to keep up the pace with surging nationwide rental demand as more and more Americans opt for renting over buying.
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Government Regulations Factoring Into Rise of Home Prices
Regulations continue to account for an increasing share of the costs associated with the construction of a new home, to the tune of nearly $94,000 on average.
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