Insight
BTR starts made up more than 7% of all single-family construction in 2025, up from the historical 2.3% average.
With the Hill in limbo on ROAD Act, the toll on BTR projects climbs
Summary
The 21st Century ROAD to Housing Act is causing uncertainty for Build-to-Rent (BTR) projects, with a contentious provision (Section 901) that could limit investor purchases of single-family homes. This has led to frozen capital, impacting supply and causing some developers to cancel deals. Advocacy groups are lobbying Congress to amend the bill, highlighting the potential negative effects on housing.
Key takeaway