Builders can also get creative with incentives and floor plans to help buyers with affordability, whether that’s cutting prices, building smaller homes or offering to buy down mortgage rates for a period of time.

Many of these metro areas are able to build so much more housing in part because they’re surrounded by mostly flat land on which developers can easily plunk down new subdivisions.

Many landlords are still bullish on rental homes. They generally aim to hold onto properties for a longer length of time than other buyers, which can help insulate them from the price corrections that started to slam the market last year. But...

The fundamentals point toward immediate and attractive risk-adjusted returns.

Lessen raised $500 million in equity and debt to help finance the deal, valuing the firm at more than $2 billion. Monroe Capital and Invitation Homes Inc. were among investors participating in the funding.

Natural gas stoves, which are used in about 40% of homes in the US, emit air pollutants such as nitrogen dioxide, carbon monoxide and fine particulate matter.

And almost one in six buy-to-let loans are floating deals, meaning payments are already rising as the Bank of England increases rates.