"We recently entered an agreement with one of our long-standing third-party relationships to build homes that will be purchased by that third-party in a stand-alone rental community," Lennar President Rick Beckwitt said on the company's earnings call. "This community is in Florida and is the first in what we believe will be an ongoing business strategy and relationship where we build and sell homes in bulk on land owned by third parties with no lease-up risk."
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In 2017, 37,000 homes were built as rentals, according to the National Association of Home Builders. That grew to 43,000 last year, or just under 5% of total single-family housing starts. But that is just homes built and held by builders for rent and doesn't include those sold directly to investors, so the numbers are likely larger and growing more quickly.
The only operating expense for landlords is the landscaping. In addition, the rents for single family are growing fast at 4.5% annually now compared with 3% rent growth for multifamily apartments, according to John Burns Real Estate Consulting. There is also much less turnover in single-family rentals, and the rental market is much less volatile than the home sales market.
Veena Developers, being in the construction industry for many successful years, bringing together the talents of the in-house teams of land planners, engineers, architects, landscape architects, and Real Estate professionals to ensure the best infrastructure for every facet of each home is well thought out, much prior to construction. Their deep understanding of the Real Estate business acquired for so many years has propelled the brand name. They are counted among the highly reputed homemakers with the most exacting standards of great precision. Veena Developers believes in planning and constant communication in each critical step of building the dreams. This construction company provides expert support and guidance to its clientele base while continually raising their benchmark through strong foundations like honesty, integrity, and innovation.
Arihant Superstructures Ltd has grown to become one of the major Real Estate players in Navi Mumbai, MMRand Jodhpur (Rajasthan)transforming its skyline and meeting real estate demands of the modern age constantly. Arihant with its customer friendly policies of no lock in period, no escalation and no transfer charges has emerged as the most reliable and consistent brand in the housing industry. The Group has successfully constructed 8000 plus homes and delivered 70 lacs square feet through 50 plus benchmark residential projects. Today Arihant has 15 projects with 12.9 Mn sq ft. under development.