Company News

The Phoenix multifamily market is in the midst of a dynamic period defined by record-setting absorption, strong rental demand, and evolving development patterns. Against a backdrop of shifting national housing trends, the metro is seeing robust activity in both traditional apartment construction and the fast-growing build-to-rent (BTR) sector, particularly townhome-style

The American dream isn’t dead—it’s just being redefined. As affordability challenges grow and life paths shift, more people are choosing to rent for longer, and in many cases, permanently. For multifamily owners and developers, this represents more than a cyclical shift—it’s a structural opportunity. Recent data and industry insights paint

Porter Kyle’s $60-million The Wayne Build-to-Rent townhome community in Chandler just cleared a significant milestone that sets the stage for the entire development process to unfold. This month, crews completed the installation of seven storm tanks across The Wayne’s site, which means mass grading and pad development can now begin in

Phoenix has long been known for its sunshine and sprawl, but in 2025, it’s earning a new reputation—as one of the country’s most dynamic engines of economic growth. A confluence of tech sector expansion, manufacturing investment, and historic job creation is reshaping the region’s trajectory and fueling strong demand across

Mid-Year Housing Market Update: A Chilly Spring and Glimmers of Rental Resilience By Taylor Shultz (who attended the John Burns Research webinar, so you didn’t have to) If you were hoping for a mid-year housing market pep talk, the John Burns Research team had some sobering news during their recent

Build-to-Rent Housing Evolves: Porter Kyle Bets on Townhome-Style Communities Housing preferences continue to shift across the U.S., and build-to-rent (BTR) has emerged as a fast-growing segment in residential development. Once dominated by traditional apartment complexes, the BTR model now encompasses a range of formats—single-family detached homes, duplexes, horizontal apartments “villa”,

Millennial Homeownership Trends and the Rise of Build-to-Rent Living Millennials are now America’s largest generation, but when it comes to homeownership, they’re falling far behind their parents—and redefining what the American Dream looks like. In fact, just 47% of Millennials own homes, compared to 65% of Gen Xers and 74% of Baby Boomers, according

Curtain Raised on The Cleveland, Latest PHX BTR Community Makes Debut in West Valley Porter Kyle reached a key milestone on The Cleveland Build-to-Rent (BTR) project in Phoenix’s West Valley. The Scottsdale-based vertically integrated multifamily builder and developer recently commemorated the opening of the 100-unit townhome-style BTR community located in

Phoenix Market Surges as Advanced Manufacturing, Population Boom Shape the Region’s Future Phoenix is undergoing a remarkable transformation that’s as unexpected as it is uplifting, fueled by explosive growth in advanced manufacturing and a population boom in the East Valley. Recent reports from the Arizona Commerce Authority (ACA), Site Selection

SFR’s Share of Rental Market Expands Single-family rentals (SFRs) now are the fastest-growing segment of the U.S. rental market, reaching a five-year high in market share, according to a Point2Homes analysis of Yardi Matrix data. This surge is largely driven by millennials who face ongoing challenges in affording homeownership. Increasingly,

Porter Kyle Breaks Ground on The Wayne, a $60-Million BTR Townhome Development in Chandler, AZ Porter Kyle broke ground this month on The Wayne, a roughly $60-million multifamily Build-to-Rent (BTR) project in Chandler, Ariz. The 100-unit community is one of the only BTR townhome developments in Chandler and is expected

Demand for BTR housing is projected to rise in the coming years as younger adults delay starting families. Millennials are forming households later and that pause is expected to result in home ownership being pushed back, as well. The rental housing market will likely benefit since a generation of 73