New build-to-rent homes surging across Florida as mortgage rates rise

Build-to-rent homes have become a popular solution to the housing crisis in South Florida and the Treasure Coast, with 44,700 houses currently under construction. On November 1, 2023, a ribbon-cutting ceremony was held for The Cottages, a build-to-rent complex in Port St. Lucie. Vice President of Capstone Communities Davis Maxwell said that the build-to-rent model is a good alternative due to the high interest rates and down payments. Port St. Lucie Police Assistant Chief Leo Niemczyk discussed the surge in growth in the city, with the population in the Tradition area now