Alcorn Construction, Inc.’s Post

“Missing middle” refers to smaller-scale, multifamily housing units, where new construction has fallen behind. #HousingMarket #HousingInventory #RealEstateDevelopment https://bit.ly/3xH0K72

Housebuilders are buying land again, hinting at a possible increase in new home construction. Could this be the turning point for the private housing market? Read Glenigan's analysis to find out! https://ow.ly/itEG50RUeNG #construction #housingmarket #newhomes

I recently shared some of my thoughts on impact fees in California with KQED. Here at Villa, as we move toward focusing on building more prefab primary homes in infill locations (in addition to our ADU building business), impact fees are an increasingly material consideration in our analysis on whether or not we can make the math work to build attainable housing projects. I’m glad to see there is some focus from policymakers on this topic, but there is still a LOT more we can do on this to unlock being able to build more attainably priced housing. We need to be using “every tool in the toolbox” to unlock more housing production at affordable price points and this is a tool that needs more thought and attention, and I’m glad to see it’s getting more focus now. https://lnkd.in/gqsMuSAV

Housebuilders are applauding a report by the Competition and Markets Authority (CMA) that pins the blame for the UK's housing shortage on the country's planning system, not on construction companies.   A few weeks ago, the CMA released the final results of its year-long investigation into the housebuilding market. While the initial media focus was on potential collusion among eight major builders, the industry's deeper interest lies in the report's findings on planning. Read on to find out more. #housingshortage #housingcrisis #planningsystem #planningproblems #bottlenecks #housebuildingmarketreport #CMA #UKhousebuilding #reforms #planningreforms #housebuildingindustry #SheriffConstruction #blog

I hate to come down on the side of supporting a delay, but that’s where I am. Many small to mid scale developments(let’s say 5-30 units and majority of new units in Boston) that would have penciled(been feasible) 5 years ago at 13% affordable units don’t come any where close to being feasible now, and definitely won’t when required to provide 20% affordable units. And I’m someone who strongly believes that mixed income housing is critical for reducing economic stratification in Boston. I bet we would drive market prices down faster if we removed all affordable housing requirements for market rate projects, while simultaneously allowing 100% affordable housing projects great leeway with regards to zoning and density. The status quo of the past 5 years or so is having the opposite effect on the market than what was intended.

🪜When talking previously with the National Association of Home Builders Chief Economist, Robert Dietz, about housing supply overall, he used the ladder analogy as a framework when describing it which I found very useful: there needs to be growth for all the rungs (#singlefamily, #affordable, #luxury, #apartments, etc.) in order to have a balanced market. One of those forgotten rungs is #townhomes which has seen growth in its market share post-pandemic. 📖 Read more insights on this analysis by clicking the link below. #NAHB #economics

Latest reports indicate housing starts are slowing at exactly the time we need them to ramp up. Yet we continue to put obstacles in the way of residential construction, RESCON president Richard Lyall writes in a column in Storeys. "Our hope is that efforts will be made to ease – rather than increase – the regulatory situation so that the residential construction sector can build the homes that new homeowners and renters need," he states in the column. #housingsupply #residentialconstruction #homebuilding #onpoli Laura Hanrahan Eric Wainwright Danny Roth

Client question: How's multifamily development looking in San Francisco? Answer: Lowest amount of units under construction in nearly a decade. Takeaways: - Why so low?: values dropping, the cost of capital having jumped, sales down, and developers getting squeezed or even foreclosed upon - Current number of net new units of housing under construction across San Francisco: around 5,000, representing the fewest units of housing under construction in the city in nearly a decade. - Total Pipeline still huge: over 70,000 units of housing in various stages of development across San Francisco, 10% more than average over the past decade and even year over year - What about the 5,000 units fully approved and permitted?: All yet to break ground - What about the 12,000 units approved and going through the permitting process?: All yet to break ground - What about the over 33,000 units approved and have not started the permitting process?: All still trying to find equity partners to fund pre-development activities (that's my two cents...) - What about the 14,000 units that have merely been proposed?: See above answer... Bottom line: Investors of existing apartment buildings will find their way to moderate rent growth in 2024 as the supply pipeline continues to stall out in San Francisco. #multifamily #multifamilydevelopment #sanfranciscorealestate #sanfrancisco #cbremultifamily #bayarearealestate #bayarea https://lnkd.in/dCm3p-Gp

Best Quarter for Townhouse Construction Since 2006 This is a true reflection of the growth of Build to Rent and how much impact is present. The questions are; How Will it impact rental rates & How Will it impact Home Values? https://lnkd.in/ebuGzGR8

Ready to ride the wave of the future in housing? Dive into our new blog post! We're exploring the exciting trends in residential construction that's breathing new life into the market. Discover how modern dwellings are changing the real estate game in 2024. Don't miss out staying ahead of the curve! #HousingTrends #ResidentialConstruction #RealEstateRevolution