The demand for suburban multifamily dwellings, along with the rising costs of materials, have motivated developers to look for ways to build more units at a cheaper cost. It’s time to consider your building density! What is housing density? It’s the number of housing or dwelling units per acre of land. Different housing types require different densities, […]
Author Archive: Blair
Developers’ Update – Multifamily Apartment Size Trends
The high demand for multifamily buildings right now coincides with rising construction costs. What are some ways developers can mitigate the high cost of building? The answer might be in smartly sizing your units! Developers want to build a great building with lots of amenities and large units, but at a certain point, all that extra space results in […]
High Wood Prices = Opportunities In Steel
Back in my August newsletter, I stated that wood prices were up 140%. Since then, the numbers have gone up and down, and then back up again! Lumber prices that were around $600/tbf five months ago are now over $900/tbf. Commodity prices are three times higher than before the pandemic. The pandemic is upsetting global supply chains in […]
Virtual Reality | A Gamechanger For Developers
Today we dive into one amazing technological advancement that can help rent out your apartments before they are built and keep everyone safe while doing it! Virtual Reality Increases Pre-Leasing Speed. Virtual Reality (VR) is a Game Changer! VR is not just for video games—this technology has huge potential for getting your apartments leased even before they are […]
Latest Changes to the Housing Market: Migration to The Suburbs
The pandemic shook up how we live and boosted migration from the cities to the suburbs. Therefore, the multifamily market is set to drastically improve in 2021. But how can you build apartments and mitigate rising construction costs? After several months of shelter-in-place orders, the desire to have more space and the potential for more people to work remotely […]
2021 Forecast | Multifamily Outlook Looks Good!
2020 was a tough year for the Commercial Real Estate (CRE) sector with Office, Retail, and Hotel capital markets getting hit especially hard. However, there is some good news—today I want to tell you about the opportunities for 2021! Yardi Improves Their Forecast for 2021 Supply Source: Yardi Matrix Several weeks ago, CBRE and Yardi Matrix […]
Build faster like Chick-fil-A
In the past few months, I have talked about modular and offsite construction. Still, when people think about “modular” construction, they imagine one of two things: man-camp temporary structures or multi-story stacked apartment and hotel projects. The truth is that an offsite delivery method can be effective for nearly any type of building product depending on […]
Jobsite Robots = Building Faster
It’s not just in the movies—robots are now a reality. Until recently, construction was one of the least digitized and automated industries in the world—but times may be changing. Robots, drones, autonomous vehicles, and 3D printing are some of the new technologies being lauded in the media. While exciting, many of these inventions are not […]
Developers Decide: Podiums vs Wraps
The growing demand for mid-rise apartment buildings is creating both challenges and opportunities for developers. Land keeps getting more expensive which means maximizing densities is more important than ever! When multifamily developers evaluate a new potential apartment site, they must assess what type of building will be the most efficient based on density, parking, and unit count. […]
Rising Housing Costs = Apartment Opportunities
Housing prices are skyrocketing right now, and developers have an opportunity to meet the need. But with high construction costs and fewer skilled workers, what’s your next move? In this article we discuss the potential in the multifamily market and how industrialized construction can get you building faster, cheaper, and better than ever before. Supply […]