Why developers are building more luxury single-family rental homes in Minnesota

In some Minnesota suburbs, a new kind of housing development is beginning to take shape: entire neighborhoods of newly built single-family homes designed specifically for renters. Industry experts say the developments of large, luxury homes with garages and yards managed by investment companies are becoming more common.Supporters argue the communities offer flexibility and another option in a tight housing market, while critics worry they could further complicate affordability and reshape the path to homeownership for many Minnesotans. MPR News host Nina Moini spoke to Laura Russ, the executive director of the Shenehon Center for Real Estate at the University of St. Thomas, about the rise of built-to-rent housing developments and what they could mean for the future of housing in Minnesota.