With all that was going on, investors buying up properties to rent represented a lifeline to banks, the housing market, and local economies.
New single-family construction starts rose by 3.8 percent during the month.
Elizabeth Warren criticizes Blackstone for buying up foreclosed multifamily buildings and single-family homes after the housing crisis.
Starwood has bought houses through third party platforms Roofstock Inc. and Tiber Capital Group.
The U.S. isn’t prepared for a massive, government-subsidized migration from flood-prone areas.