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 […]

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 […]

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 […]

The pandemic slowed sawmill production, supply chains, and factory operations, causing a shortage of construction materials in the United Stated. Now, with the reopening of the economy, builders have returned to the job site following months of lockdown to encounter an alarming materials shortage. What can be done about this? Shortages of materials are now more widespread […]

The demand for new housing products right now is strong, but aside from traditional financing challenges, there’s a factor stopping developers—and that is rising construction costs. As a developer, you need to take advantage of every opportunity to make a project profitable—LIHTC might be that opportunity. Read on! LIHTC stands for Low Income Housing Tax Credits. It provides […]

You want to start a new project; however, the current economic situation is making you rethink which direction to go. Financing could be a solution, but which type? Today we talk about HUD financing. When you hear of a ‘HUD PROJECT,’ this typically means the HUD Section 221 (D4) Program is being used. HUD is an acronym […]

If you are thinking of developing a Horizontal Apartment, you have probably thought about which community amenities to include for the overall project. It’s the era of change in multifamily housing design, and a few updates to the standard multifamily formula could drive up rent, increase occupancy, and lease-up, and ultimately get you the best return on investment (ROI). A […]

For the past year, developers have innovated to stay afloat during the economic standstill and pandemic-related production challenges. 2020 accelerated the need for the AEC sector to make better use of available technology. Now that we are coming out of crisis mode, which of these revenue-boosting Tech Trends should you keep in your toolbox? Two […]

Much has changed in the multifamily market due to COVID-19, including apartment sizes, amenities, and moving trends, but how do rental rates continue to change? Now four months into 2021, we notice the fluctuation of rental rates even within the same city. Apartments experienced an unprecedented bifurcation of rental rates over the past year, showing extreme differences among […]

Keeping up with trends and updates of 2021, today I talk about a term used in development—Opportunity Zones. Not sure what it is and how you can benefit from it—read on! What is an Opportunity Zone? An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.  Localities […]