Build-to-rent (BTR) single-family housing has become a key residential asset class, supported by federal policy favoring new construction over existing home acquisitions by large investors. BTR addresses a severe housing shortage by adding supply and caters to renters by choice, including Millennials and Baby Boomers, seeking detached homes with amenities. Despite higher borrowing costs, BTR growth remains disciplined, benefiting from operational efficiency, scalability, and yield protection. It offers a durable solution to housing market imbalances.