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Jay Parsons highlighted concerns about the collapse of build-to-rent construction, quoting Congressman Scott on investor hesitancy. According to Scott, investors are refraining from funding projects that require them to sell in seven years, leading to a halt in many housing developments. This situation is affecting efforts to increase the U.S. housing supply at a critical time.
Parsons previously reported that Radix apartment data showed a slower start to the spring leasing season compared to last year. He also noted that rising rental supply has driven single-family rent growth to a 10-year low. These trends have emerged as developers and investors face obstacles in expanding the housing supply.