rental market | KERA News

rental market

A different sort of American dream is under construction outside Denver. More than 130 homes are being framed and nail-gunned together. But there won't be any real estate agents staging open houses. Instead of homeownership, this development is all about home-rentership.

"We got started in around 2010 after the housing crash and people were losing their homes," says Josh Hartmann, the CEO of NexMetro Communities, the company building these homes.

Andriy Blokhin / shutterstock

Almost 40% of homes in Texas are rented, and according to a new report from the National Low Income Housing Coalition, finding an affordable one is a struggle. Research shows there's a shortage in Texas of close to 600,000 homes for the lowest income renters.