Richard B.’s Post

Once again, New York remains at the forefront of apartment construction, holding its position as the top market in the U.S. for the third year running. With over 600,000 multifamily units expected to be completed across the nation in 2024, New York continues to show unmatched resilience and demand in the sector. However, this boom is not without its challenges. Industry reports suggest that construction delays are increasingly being caused by challenges in securing financing and concerns over the economic viability of projects. These factors are expected to influence the timing of future apartment completions and could reshape rental market trends as the sector adapts to the surge in new supply. Is your project facing financial hurdles or delays? BRIX Funding is here to provide fast and flexible funding to keep your construction timeline on track. Read more about this trend and what it means for the industry in the full article from GlobeSt.com below. #RealEstate #Construction #NYC #BRIXFunding

"John Burns' Apartment Developer and Investor Survey reveals key insights for developers this year: The slowing pipeline of new developments, peak of post-Covid construction, and more..." (Credit: bdcnetwork.com, Quinn Purcell) . . . #multifamilyconstruction #multifamily #multifamilydevelopment #multifamilyhousing #realestatedevelopment #construction #buildingmaterials

Explore our latest blog post on multifamily housing trends in the Northeast. Clark Espinosa covers the significant changes and expectations in the market, focusing on design and sustainability. Understand how these developments affect stakeholders in the housing industry. 👉 Read the full article here: https://lnkd.in/gDnwyreR #bsbdesign #designthatmakesadifference #northeasthousingmarket

Did you know that Phoenix ranks No. 2 in the U.S. for real estate development over the last 50 years? From flourishing single-family homes to rapidly growing multifamily units and a booming industrial sector, the city is a growth powerhouse. With over 215,000 single-family building permits issued and the best-performing decade for multifamily construction underway, Phoenix is shaping the future of real estate. #RealEstateDevelopment #PhoenixRealEstate

The multifamily construction market in Atlanta has been thriving, driven by a growing population and strong economic prospects. Developers are actively responding to high demand with diverse projects, including luxury apartments, affordable housing, and mixed-use developments, particularly in revitalized areas like Midtown, Buckhead, and Westside. Atlanta ranks 5th in Metro 2024 completions, with roughly 21,000 Class-A units coming online, representing a 3.7% year-over-year change. However, affordability remains a challenge due to rising construction and land costs. Sustainability trends are also on the rise, with energy-efficient designs and eco-friendly materials becoming more common. Despite potential challenges like interest rate fluctuations and supply chain disruptions, the outlook for multifamily construction in Atlanta remains positive, offering exciting opportunities for growth and investment. #RealEstate #MultifamilyConstruction #AtlantaMarket #PropertyDevelopment #UrbanRevitalization #SustainableLiving #RealEstateInvestment #HousingMarket #ClassAUnits #ConstructionTrends #EcoFriendlyLiving #UrbanDevelopment #InvestmentOpportunities #GreenBuilding #MarcusandMillichap #MultifamilyRealEstate #CapRates #TreasuryYields #InvestmentStrategy #RealEstateTrends #MarketAnalysis #PropertyValues #RealEstateInvestment #YieldSpread #EconomicTrends #InvestmentOpportunities #RealEstateFinance #MarketDynamics #InvestorSuccess #GrowthOpportunities The MSJ Multifamily Group of Marcus & Millichap

"... NMHC 25 Largest Developers Greystar rose from second to first place in 2024 for largest developers. Mill Creek Residential started just over 8,000 units in 2023, rising from third place from second this year. Trammell Crow Residential started 5,823 units last year and has gone from fifth place to third in this year’s ranking. Top Apartment Developers:   Greystar (9,151 units) rose to first, from second Mill Creek Residential Trust LLC (8,022 units) rose to second, from third Trammell Crow Residential (5,823 units) rose to third, from fifth Wood Partners (5,137 units) stayed in fourth Hillpointe, LLC (4,861 units) rose to fifth, from 13th Alliance Residential Company Residential (4,628 units) dropped to sixth, from first The Michaels Organization (4,292 units) took seventh Core Spaces (4,030 units) took eighth Hines (3,670 units) rose to ninth, from 17th D.R. Horton Inc. (3,433 units) stayed in 10th...." (Credit: bdcnetwork.com, Quinn Purcell) . . . #multifamily #multifamilyhousing #multifamilyconstruction #construction #architecture #structuralengineering #BIM #prefabrication #offsiteconstruction #buildingmaterials

The new Colliers multifamily report for Portland presents 'optimistic outlook' per this Portland Business Journal article. https://lnkd.in/gNwPCmaD #constructioninnovation #constructionprojectmanagement #constructionindustry #constructionservices #constructionsector #constructiontrends #architecturetrends #architecture #commercialrealestate #realestate

U.S. apartment construction is expected to hit a historic high of more than 500,000 new units this year, a new study from RentCafe found, and South Florida is helping lead the surge. The influx represents a 9% increase compared to last year and a 30% jump from 2022. The Miami area ranked No. 9 among major metro areas, with more than 14,100 apartments expected to be completed in 2024. #Miamirealestate #SouthFloridarealestate #MiamiRealtors #SouthFloridaRealtors

Could transforming commercial real estate (CRE) structures—such as offices, retail spaces, and hotels into multifamily properties be the solution to increasing housing availability? The National Multifamily Housing Council, in collaboration with the Urban Land Institute, created a research report to discover if this is a plausible solution. Their report includes various case studies and outlines financial, physical, and other components for real estate developers to consider when converting an underutilized CRE structure into a multifamily property. Learn more ➡️ https://hubs.ly/Q02q8bYs0 #commericalrealestate #multifamily #CRE #propertymanagement #realestatedevelopers

New apartment supply is on the rise, with around 1.4 million units expected to be delivered nationally in 2024, according to John Burns Research and Consulting. The real estate consulting firm analyzed metropolitan areas currently undergoing construction of new apartments along with recent deliveries to find the top five cities leading in apartment development. The top five metropolitan areas delivering the most new apartments in 2024 are Dallas, Phoenix, New York, Austin, and Atlanta. Dallas leads the pack with over 75,200 units, followed by Phoenix with over 68,300 units, and New York with over 63,800 units. While construction is expected to peak by 2025, prepare for both short-term influx and long-term supply shortage. Read John Burns Research and Consulting's full report to learn more about how to ride the apartment supply wave: https://lnkd.in/e23cGArS