Rhino’s Post

Apartment starts fall 38% Housing completions continue to rise, hitting almost 1.4 million in January, a 2.8% YOY increase. Apartment developers completed 538,000 units during the month, a 53.7% YOY jump. Those new units are putting pressure on multifamily owners nationwide, but specifically in the Sun Belt markets. In Highlands Ranch, Colorado-based UDR’s portfolio, Austin, Texas; Nashville, Tennessee; Orlando, Florida; and Denver will see some of the highest levels of new supply. Read More>>> https://buff.ly/4dbIeUf #MitoInsulation #Insulation #ConstructionNews #Housing #Construction #MultiFamily #MultiFamilyRealEstate #MultiFamilyConstruction #MultiFamilyBuilding #CommercialInsulation #multifamilyhousing #multifamilyinvesting

Multifamily starts have plunged to their lowest levels since 2013, with just 326,000 units breaking ground in October. At the same time, completions surged by an astounding 61.4% YOY, reflecting the delivery of projects launched in the building boom of recent years. What does this gap mean for the market? With fewer units in the pipeline, today’s owners could see less competition, potentially paving the way for rent and occupancy growth. #supplyanddemand #multifamily #marketshift

Apartment starts fall 38% Housing completions continue to rise, hitting almost 1.4 million in January, a 2.8% YOY increase. Apartment developers completed 538,000 units during the month, a 53.7% YOY jump. Those new units are putting pressure on multifamily owners nationwide, but specifically in the Sun Belt markets. In Highlands Ranch, Colorado-based UDR’s portfolio, Austin, Texas; Nashville, Tennessee; Orlando, Florida; and Denver will see some of the highest levels of new supply. Read More>>> https://buff.ly/4dbIeUf #MitoInsulation #Insulation #ConstructionNews #Housing #Construction #MultiFamily #MultiFamilyRealEstate #MultiFamilyConstruction #MultiFamilyBuilding #CommercialInsulation #multifamilyhousing #multifamilyinvesting

March 2024 marks a pivotal shift in housing trends: Single-family starts dominate at 77%, the highest since 2010, while multifamily construction dips. These opposing trends highlight a critical imbalance, promising long-term benefits for the housing market as supply and demand dynamics evolve. #HousingMarket #SingleFamily #Multifamily #ResidentialConstruction #HomeBuilders #RealEstateTrends #HousingStarts #NewHomeSales #PropertyMarket #HomeOwnership #RealEstateInvesting #BuildingTrends #MarketInsights #EconomicShifts #ConstructionData

Multifamily housing starts and permits saw significant declines in May, dropping by 51.7% and 31.4% year-over-year respectively. Despite these challenges, the sector remains dynamic with ongoing construction and new opportunities emerging. 🏗️ #MultifamilyDevelopment #HousingMarketTrends #RealEstateInsights

The country’s top apartment builder says higher prices are here to stay For the second straight year, Jacksonville, Florida-based Summit Contracting Group is the top apartment builder in the country, according to the National Multifamily Housing Council. Despite having its best revenue year ever and completing 7,771 units in 2023, Summit, like many other multifamily firms, saw starts and new...Read More>>> https://buff.ly/3UbjcvY #MitoInsulation #Insulation #ConstructionNews #Housing #Construction #MultiFamily #MultiFamilyRealEstate #MultiFamilyConstruction #MultiFamilyBuilding #CommercialInsulation #multifamilyhousing #multifamilyinvesting

Amidst a 19.3% year-over-year decline in overall housing starts, multifamily developers completed 479,000 units, showcasing a 0.8% increase in deliveries. This underscores the complex balance between new supply and its impact on market dynamics. 📉 #ConstructionNews #RealEstateDevelopment #MarketDynamics

The country’s top apartment builder says higher prices are here to stay For the second straight year, Jacksonville, Florida-based Summit Contracting Group is the top apartment builder in the country, according to the National Multifamily Housing Council. Despite having its best revenue year ever and completing 7,771 units in 2023, Summit, like many other multifamily firms, saw starts and new...Read More>>> https://buff.ly/3UbjcvY #MitoInsulation #Insulation #ConstructionNews #Housing #Construction #MultiFamily #MultiFamilyRealEstate #MultiFamilyConstruction #MultiFamilyBuilding #CommercialInsulation #multifamilyhousing #multifamilyinvesting

Looking ahead: 5 multifamily housing trends to watch in Jacksonville https://ift.tt/fQVwdmv While demand for multifamily has slowed a bit since the rise of the COVID-19 pandemic, particularly in the Sunbelt, the future still looks bright for Jacksonville’s economic development, according to industry experts speaking at the 2024 MFE conference hosted Sept. 30 to Oct. 2 in Las Vegas. The Live Oak Contracting team shares five key takeaways from the event: Rental affordability. The affordability gap between home ownership and rent has grown considerably over the last few years due to higher… via Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com https://ift.tt/Rl6LF5r November 20, 2024 at 08:32AM

Multifamily housing starts and permits saw significant declines in May, dropping by 51.7% and 31.4% year-over-year respectively. Despite these challenges, the sector remains dynamic with ongoing construction and new opportunities emerging. 🏗️ #MultifamilyDevelopment #HousingMarketTrends #RealEstateInsights