The dynamic has persuaded developers like Irvine, California's AHV Communities to roll out communities of newly built houses for rent. Founder and Chief Executive Mark Wolf spoke recently with The Associated Press about the company's business model and the trends it sees driving demand for new single-family rental houses. Q: The vast majority of builders build houses for sale. A: We build communities of single-family homes for rent, managed and maintained just like an apartment, kind of like a country club setting. And then we have another deal up in Georgetown that's going to be 92 units, plus a clubhouse.

Source: ABC News March 05, 2017 14:03 UTC