“Rising Mortgage Rates and Slowing Construction Squeeze Renters as Landlords Regain Upper H” — what this page in the network covers. Renters across the country are facing a punishing housing market as higher mortgage rates and a slowdown in residential construction shift power back to landlords. With borrowing costs elevated, many would-be homebuyers are staying in the rental market longer, driving up demand and reducing vacancy With borrowing costs elevated, many would-be homebuyers are staying in the rental market longer, driving up demand and reducing vacancy rates.
At the same time, a pullback in new apartment and single-family home building is limiting supply, exacerbating the imbalance. This combination is enabling property owners to push through steeper rent increases and offer fewer concessions, leaving tenants with fewer affordable options. The trend marks a reversal from earlier periods when a construction boom and low rates gave renters more leverage. The full version stays on the original page, which this listing opens directly.