San Antonio experiencing a boom in built-to-rent homes, new study says

The San Antonio area is constructing more built-to-rent (BTR) homes than the majority of other U.S. metros, according to a new study from online rental marketplace Point2Homes. The Alamo City metro area has roughly 3,000 BTR homes in the works, making it the metro with the eighth-highest number of new rental dwellings under construction. The U.S. BTR industry exploded as mortgage rates rose in recent years and continue to hover near decade highs, according to Doug Ressler, senior analyst at Point2Homes sister company Yardi Matrix.