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Higher-income renters continue to drive what’s getting built and leased in the multifamily sector

BD+C

Starts of buildings with five or more housing units rose from December 2018 through December 2019 by 74.6% At the end of that period, the number of multifamily housing units under construction was up 7.3% to a seasonally adjusted annual rate of 536,000, according to preliminary Census Bureau estimates. to 177,000.

Income 102
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What’s Driving Record Growth in the Rental Market?

Pro Builder

Changing household preferences and a lack of housing affordability post-pandemic caused apartment demand to double at the start of 2022. A record 700,000 apartments were leased last year, more than double the five-year average, while leases in Q1 2022 were double the number reported in Q1 2021, according to John Burns Real Estate Consulting.

Income 97
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Built to Rent Is Booming, But Operational Challenges Loom for This Overheated Housing Sector

Pro Builder

Built to Rent Is Booming, But Operational Challenges Loom for This Overheated Housing Sector. As a housing solution, single-family built-to-rent (B2R) is gaining serious momentum across the country. Single-Family Rentals Are Taking Over the Housing Market. Thu, 01/27/2022 - 16:35. Are You Ready for Build to Rent?

Housing 105
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Attainable Housing Options: Rethinking the Starter Home

Pro Builder

In a recent meeting , a client questioned why so many industries can find ways to create more affordable solutions but the housing industry can’t. Why not housing? Since their grand opening in November 2022, the Villas are currently 63% pre-leased. Life circumstances also play a role.

Housing 91
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6 guideposts for cities to create equitable transit-oriented developments

BD+C

Multifamily Housing Affordable Housing Office Buildings Retail Centers Shopping Centers Transit Facilities Despite the best efforts of city governments and their transportation departments, transit-oriented-development projects often unintentionally burden existing residents and small businesses in the area.

Austin 95
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Housing Market Pushes Buyers to Rentals, Intensifying Demand

Pro Builder

Housing Market Pushes Buyers to Rentals, Intensifying Demand. One Maryland landlord said they have leased properties for 20 years and have not seen this type of applicant pool before. Today, the national housing shortage sits at more than 4 million homes,” he said. cbroderick. Thu, 08/12/2021 - 10:11.

Housing 52
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2020 Aurora Awards Winners: Multifamily, and Project of the Year

Pro Builder

The annual Aurora Awards competition held by the Southeast Building Conference recognizes outstanding housing-related professionals for their work in 12 southeastern states and the Eastern Caribbean. Leases run from about $1,400 to just over $3,000 per month. . Four New Live/Work Housing Design Solutions. . Parramore Oaks.