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Building new homes for rent, not sale

Developers and investors adopt new strategy as pool of first-time buyers shrinks

Falling value? Residents of Ewing Farm, near Atlanta were told last year that new homes being built in their area would be for sale. But many were dismayed to see 'for rent' signs as the houses neared completion. Ms Francis responded to the news by putting her house on the market. - PHOTO: NYT

[ATLANTA] Homeownership was out of reach for Tishri Hyman, a single mother of two with a good job but less than stellar credit. But three years ago, she found the next best thing: a brand-new house, complete with a fireplace, that she could rent.

"It was just absolutely magnificent to be...

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