As mortgage rates rise, more people choose to rent single-family homes

5 min read . Updated: 28 Nov 2022, 08:38 PM IST LORI IOANNOU, The Wall Street Journal

In response, major builders and developers are getting into the business, which was once dominated by mom-and-pop outfits

When Ronald Granville, a former law-enforcement officer in Philadelphia, was offered a new job in North Carolina this summer, he and his wife, Fiona Granville, jumped at the chance to relocate their family. They packed up the van and took their two sons on a road trip to scout for a place to live.

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