Kerry Pianoforte, Editor 10.03.22
As recent as a year ago, home ownership was more appealing than renting, as the cost to own and rent were almost identical. Now, in 2022, owning a home costs an average of $839 more per month than renting, per John Burns Real Estate Consulting. Due to these soaring home prices, the rental market is heating up and is expected to remain hot for at least the next five years, especially in places where home prices have risen the most.
As the recent buying spree evolves into that of renting, design and building trends are developing to meet renters’ needs.
As a major paint provider for some of the country’s biggest residential builders, developers and contractors, PPG has a unique pulse on what’s happening across the residential and multi-family construction industry. Leveraging insights from PPG’s work in the space, Vinny O’Sullivan, senior general manager for PPG’s Architectural Coatings business in the U.S. and Canada has identified the most prominent design and building trends we can anticipate
As the recent buying spree evolves into that of renting, design and building trends are developing to meet renters’ needs.
As a major paint provider for some of the country’s biggest residential builders, developers and contractors, PPG has a unique pulse on what’s happening across the residential and multi-family construction industry. Leveraging insights from PPG’s work in the space, Vinny O’Sullivan, senior general manager for PPG’s Architectural Coatings business in the U.S. and Canada has identified the most prominent design and building trends we can anticipate
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