Why Build-to-Rent Is Working

For the first time, birth rates for women in their late 30s are higher than for women in their early 20s, and that affects what type of housing gets built.

Families are forming later

Family formation delayed by a decade means 10 more years in rentals, 10 more years before a first purchase, and 10 more years for households that want more space than an apartment offers. That’s why build-to-rent single-family and multifamily housing is working.

Builders are aiming higher

Many Californians in their 20s can’t afford to buy and are looking for a nice place to rent. Due to the high costs of labor, materials and development, California builders are forced to build products aimed at higher-income buyers and renters, and first-timers are often priced out.

What it means for owners

Long story short, it’s a good time to be a landlord in the Conejo Valley. If you own a home you’re thinking about renting out, call me…

Originally published in The Trusted Advisor, August 2026.