A U.S. construction boom is sending rents lower and creating perks for renters

Yes, with the ongoing construction boom in many parts of the U.S., we are witnessing some positive outcomes for renters. Here’s how:

1. Lower rents: The increased supply of rental properties resulting from this construction boom is leading to competition, which can help drive down rental prices. As more housing units become available, renters have more options to choose from, potentially leading to landlords lowering rental prices to attract tenants.

2. Improved amenities: To stand out in a crowded market, many property owners are