Take sweeping views of Houston and combine them with thoughtful design elements and luxe living, and the result is the Residences at The Allen. The exclusive homes are above the chic Thompson Hotel, and offer luxury living, breathtaking views, thoughtful design, and unparalleled amenities. The space is rapidly approaching closeout, with only two penthouses left on the market. Imagine a home that blends every modern amenity with the luxe living of the finest hotel.
That is what owners at The Residences at The Allen enjoy. A new rental report has revealed Texas is leading the nation with the highest single-family home rental construction growth, and Houston is among the top five U. The analysis from rental listings website Point2Homes examined construction rates and building permit data for single-family homes that are "located in build-to-rent, professionally managed communities" across America.
For the purpose of the study, build-to-rent homes are defined as units that don't share any walls with other homes, and includes those that have shared walls but do not have neighbors above or below or have a direct-access garage. According to the report's findings , Houston's rental home construction rate is the 5th highest in the nation, and the metro area is expected to build 4, new single-family homes for rent in The greatest share of rental homes β 1, units β are being built in Cypress, while Houston proper is only expecting to build rental homes.
The report claims Texas' healthy job market , remote work flexibility, and its business-friendliness are the top reasons why the build-to-rent growth has soared so high. Doug Ressler, senior analyst and manager of business intelligence at Yardi Matrix Point2Homes' sister company , says affordability is another major factor.
This is largely due to high mortgage rates and elevated home prices. Ressler adds that the target markets β Millennials and Gen Z β are increasingly interested in new single-family home rentals to avoid the hurdle of paying high property taxes while still managing other debts like student loans. This also allows them to remain close to the city in a nearby suburb , rather than in rural areas. Other Texas metros with skyrocketing single-family rental growth Texas cities dominated the top 10 U.
