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 August […]
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 Fresh […]
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 your […]
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 […]
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 […]
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 modular […]
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 commercial/office and a […]
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% since […]
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 […]
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 the […]
