Rebekah Joy Dalfonso’s Post

Exciting news for multifamily developers! The industry is gaining momentum after a recent slowdown. Find out more in this insightful article. #Multifamily

Exciting news for multifamily developers! The industry is gaining momentum after a recent slowdown. Find out more in this insightful article. #Multifamily

Exciting news for multifamily developers! The industry is gaining momentum after a recent slowdown. Find out more in this insightful article. #Multifamily

Here's a short write-up documenting how long it takes to plan and build multifamily housing using the Dodge data that I did with Anthony Orlando. A few highlights: -It takes every-longer to plan and build a multifamily project. -but planning duration dipped after the great recession. Is that consistent with congestion at the planning office? -Mixed use projects take longer to plan and build. -But projects with government involvement surprisingly do not. -Converting an existing building to multifamily takes less construction time, but it takes longer to plan so on net, no faster than new construction. https://lnkd.in/eqX9KPdu

The multifamily market is inching toward recovery, with developers slowly making moves in anticipation of a new growth cycle. Those who navigate this period strategically will have a distinct edge when the supply-demand dynamics shift. In a market where high for-sale housing costs keep renters in place longer, multifamily remains a cornerstone of opportunity. How are you preparing for the next cycle? Share your insights below! #MultifamilyRealEstate #CRETrends #DevelopmentOpportunities

As reported by Real Page on July 18th, Q2 2024 multifamily construction starts haven’t been this low since Q1 2011. Why is that important? Lower construction starts can help stabilize or even increase rental rates and property values, making current investments more profitable and attractive to potential investors. Additionally, the reduced supply growth may also signal a stronger demand for existing multifamily properties, further enhancing multifamily’ s appeal. https://hubs.li/Q02PlsKr0 At Forum, we have been focused on multifamily real estate since 2007. Reports like these only further bolster our belief that now is a prime time for investors to add multifamily to their investment strategy. Disclosure: https://hubs.li/Q02PlvbZ0 Learn more: https://hubs.li/Q02PlszY0 #multifamily #investing #realpage #carlwhitiker

Tighter credit and slowing rent growth significantly reduced multifamily starts and permitting activity throughout the US last year. Among America’s largest metropolitan areas, multifamily apartment permits dropped 45% in Seattle, 44% in San Francisco, 42% in DC, 41% in New York, 39% in Houston, 33% in Boston, 32% in Atlanta, and 32% in Chicago between 2022 and 2023. Some major construction centers (like Austin, Phoenix, and Raleigh) have seen permitting activity hold steady and some others (like Miami, Charlotte, and secondary cities throughout California) have even seen permitting increase—yet the overall trend is one where apartment permitting has declined all the way back to pre-COVID levels. There is still a pipeline of nearly 1M apartment units currently under construction that should keep completions high for the time being, ✅ but absent a pickup in starts soon new apartment supply could fall significantly next year. If you would like to know more about investing into multifamily domain, please set up a call at calendly.com/corfucapital

Yardi Matrix's latest Knoxville multifamily report features a snapshot of the area's rent, employment, construction and sales activities. For daily news and analysis subscribe to the https://lnkd.in/gnDiVmJB newsletter. #Multifamily #RealEstate #Housing

Multifamily Starts and Permits Increase but Completions Outpace Both

Top Multifamily trends to watch in 2024.