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Dearth of rental homes a boon for big landlords

Americans renting more than buying, construction can't catch up with demand

The shortage of rental homes is giving the upper hand to institutional investors who have spent more than US$25 billion since 2012 buying single-family homes to let out.

Los Angeles

CORPORATE landlords are benefiting from the worst US rental-housing shortage in more than a decade as construction lags behind demand and more Americans opt to lease rather than buy.

There's an undersupply of single-family houses and apartments to rent for the first...