Today we expand on the previous article about HVAC systems and discuss the pros and cons of the three most common ones for multifamily developments. Knowing which system to install can be confusing, so let’s answer some of your questions. It is important to choose the right HVAC system for your project. Picking the wrong HVAC system for […]
Author Archive: Blair
Developers: Multifamily Construction on The Move!
Homebuyer migration patterns continue to change. We are aware that affordability and job opportunities have always been important factors of migration. Now, according to the latest Home Building Geography Index (HBGI) released by NAHB, Residential construction continues to shift toward the suburbs and lower-cost markets, especially in the multifamily sector. Multifamily residential construction grew by […]
2022: The year offsite construction goes mainstream?
The pandemic has shifted builders’ views toward offsite construction, but there’s more to the story! The increase in builder interest in offsite construction methods has also been driven by supply chain challenges and the shortages and rising costs of skilled labor. Offsite construction is here to stay, so don’t miss the chance to jump in on […]
Multifamily Is Booming — Is Modular The Answer?
The housing crisis is not slowing down, and developers continue to focus on the multifamily market! Multifamily investment volume increased by 34% quarter-over-quarter in Q2 to reach $52.7 billion, according to CBRE. Apartments accounted for 36.6% of commercial real estate transactions in the first half, making it the top performer. To accommodate for the demand, developers are choosing […]
2022 Trend To Watch: Live/Work Apartments
The world is changing! Apartment complexes with community ground-floor work areas have been trending, especially since the onset of the pandemic. This booming multifamily trend is called the Live/Work Apartment! Let’s Talk about Live/Work apartments! A live/work unit is defined as a single unit (studio, loft, or one or two-bedroom) consisting of both a […]
Construction Costs 101: Stay ahead of price changes
We’ve all seen lumber prices make major news, but what’s happening with other material prices might surprise you as well. Building materials costs are rising at a record pace this year. As lumber prices begin to decline, builders face some of the steepest materials price increases in history. Nonresidential construction input prices are up 23.4% […]
Prefab Training | Become a future construction leader
Due to the pandemic, the construction sector lost more than 1 million workers, and almost all areas of the construction industry are experiencing project delays. According to the Labor Department, the industry is still down 238,000 workers from pre-pandemic levels as of June. Also, the Associated General Contractors of America have noted that many contractors […]
Developers | Is it time to start building with wood again?
We have all seen the headlines! Lumber prices have dropped 50% in the last two months, reassuring everyone in the building sector. Does this mean the lumber packages for your next project will be 50% cheaper? The answer might surprise you; read on. Lumber dropped about 5% week-over-week in July, trading at $650 per thousand board feet. Following […]
Let’s Talk About Three Hotels on One Site
Hotel developers are looking for a way to attract new customers while cutting costs. We have seen it before with dual-branded hotels, but is it possible with three hotels on one site? The answer is “Yes, it is!” The use of the multi-brand strategy has gradually grown in popularity in the U.S. over the past decade. […]
FOB | A critical acronym every developer should know
One of the most significant details that many developers overlook when diving into offsite delivery is transportation liability. Read below and get to know a term that will help you save millions in damages. There are several key processes needed to get a modular unit from the factory to the finish line. The modular box is assembled in a […]