Building materials costs soared at a record pace last year due to pandemic-related troubles that overwhelmed global production and supply chains. According to the latest Producer Price Index (PPI) report, costs of materials are still sky-high. Here’s an updated look at building materials prices. Building materials prices increased 20.3%, year-over-year, and have risen 28.7% since January […]
Author Archive: Blair
2022 Insights: Interior Design Trends that Sell!
Designing multifamily properties requires a gentle balancing act. Developers who play it too safe might not make the right move they need to stand out in a crowded marketplace. Those who go too far risk turning away from potential renters. Creating an atmosphere of comfort, charm, and functionality within the project’s budget is the goal. Read […]
Demand for Apartments Remains Strong! It’s Time to Get in!
Demand for apartments remains strong, and the national occupancy rate has been at or near record highs for the last six months. The apartment market experienced robust growth in 2021. Last week we talked about how the demand for market-rate apartments in 2021 soared far above the highest levels on record. Now, the multifamily market continues to […]
Apartment Demands Hits a Record High!
Multifamily remains one of the more attractive property developments within the real estate market. Despite the complex economic conditions that 2021 left us with and the demographic shifts caused by migration patterns, multifamily housing has become the strongest market in real estate for investors seeking stable and attractive returns. This has pushed the multifamily market to record-breaking […]
Multifamily Trends | Here’s What Is Coming for 2022
The multifamily industry is experiencing record-breaking rent growth and occupancy rates. We’ve noticed increasing building activity in the multifamily sector. Here is what is coming for 2022. According to new data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, multifamily housing construction helped push overall housing starts up 3.9% in […]
Developers: Apartment Fresh Air 101
Providing proper ventilation is a crucial component of multifamily building design due to its effects on occupant health and comfort. Ventilation ties the whole HVAC system together. Without ventilation, there is no way for the indoor air to refresh and re-oxygenate itself. What’s the right set of “lungs” to put in your building? A Breath of […]
Developers: 2022 HVAC System Options
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 […]
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 […]