(NewsNation) — The build-to-rent business is booming for real estate developers as buying a home becomes more out of reach for potential owners.

The market has priced out many first-time homebuyers, which consist largely of millennials entering a new stage of life as they begin to start a family. Companies are maximizing this by building neighborhoods of single-family homes to rent rather than to sell.

AvalonBay Communities, one of the largest multifamily real estate investment trusts,........

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