Skender’s Post

For a wide range of reasons, sustainable construction and building features have become a vital consideration in multifamily development. Learn why below: https://lnkd.in/eHMVHSFb #proptech #smarthome #homesecurity #propertytechnology #smarthomesystem #GreenMarbles

How are new construction homes affecting the market? 🤔🏡 We absolutely NEED more housing in Southern California. I see new construction growing rapidly like it is in Irvine. They're building up instead of out which minimizes the living space but it helps create more space to build 👷♀️ What are your thoughts on new construction? Let me know in the comments below 💬 - #Newconstruction #Realestate #OCrealestate #Californiahomes

The Buildings of Excellence is a $58 million competition recognizing and rewarding the design, construction, and operation of carbon-neutral-ready multifamily buildings. ℹ️ on.ny.gov/3mISqxF The December Buildings of Excellence Cost Data update has been released! You’ll find cost data for 22 projects and detailed construction costs/incentives/awards/tax credits and building attributes for 56 awarded high performance projects. ➡️ http://bit.ly/3DwOhSw Featured Project: North Miller Passive Multifamily by Northeast Projects LLC: The project honors Newburgh’s existing historic townhouses while delivering high-performance benefits of comfort, indoor air quality, and durability. The improved project will upgrade the building to Net Zero designation benefiting not only the building occupants, but also the building owner. #buildingsofexcellence 📸 Northeast Projects LLC and Urban Myth Construction

🌱 Estimates suggest rehabilitated structures can produce 50-75 percent fewer carbon emissions than new construction. Converting vacant commercial buildings to multifamily housing can be an efficient way to address our nation’s housing shortage. Plus, you can increase sustainability by making energy-efficient upgrades during your renovation. Read more: https://hubs.ly/Q02rKcM40 #sustainability #CommercialRealEstate #GreenBuilding

Over the past nine years, the time it takes to construct a multifamily building increased from 18 months to just over two years, compounded by supply chain issues and work stoppages during the pandemic. The data show a bump in completion times, particularly in the second half of 2022 and beginning of 2023. However, construction timetables also rose in 2016 and 2017, slowly gaining momentum until the start of the pandemic. The reason for this pre-pandemic rise and the continued elevated construction schedules is related to a shift in the type of apartments being built. In 2015, 42% of completed units were in garden apartment projects. However, by the end of 2023, that percentage decreased to 23%, as more complex projects such as mid-rise and high-rise building dominated the pipeline. https://lnkd.in/gGCMFdjq

Why NO New Construction Homes in Chicago? Since 2011, Chicago has witnessed a profound transformation, one that extends beyond the surface of its skyline. The evolution from condominiums and entry-level homes to accommodations suited for families reflects a deeper shift in housing preferences. This transition in the marketplace is just a piece of the puzzle. The advent of the pandemic and the surge of inflation have layered additional complexities onto an already challenging terrain new construction home builders such as @zsdcorp. The result? A stark outlook in Chicago’s construction scene. While new construction apartments continue to punctuate the city's horizon, large-scale for-sale projects have become a rare sighting. This scarcity is not just a matter of market trends but a reflection of the myriad headwinds facing developers and investors alike. From financing hurdles to shifting consumer demands, the road to large-scale developments is fraught with obstacles. As we navigate these turbulent waters, the question remains: How can Chicago's construction sector adapt and thrive? The answer may lie in innovation, resilience, and a keen understanding of the ever-changing dynamics of urban living. Stay tuned as we chat about these topics and more with Zev Salomon over the next week! #ChicagoRealEstate #HousingShifts #chicagodevelopments #chicagohomepartner #amandamcmillan

🛠️ 3 Reasons Why New Construction is a Smart Investment Choice 🏡 💰 Investing in new construction can be a game-changer for your real estate portfolio. Here are the top three reasons why it’s a great option and the benefits it offers: 1. Modern Amenities & Energy Efficiency 💡 ✅ Benefit: New construction homes are built with the latest materials and technologies, making them more energy-efficient and packed with modern conveniences. This means lower utility bills and less maintenance for your tenants, which translates into higher rental demand and a greater return on investment. 2. Customization Opportunities 🎨 ✅ Benefit:New homes often allow for customization before the build is complete, meaning you can tailor the property to meet market demands. Whether it’s an open floor plan, smart home features, or eco-friendly options, you’re setting up a property that stands out and attracts top-tier tenants. 3. Worry-Free Living 🎯 ✅ Benefit:New construction comes with builder warranties and the latest safety standards, giving you peace of mind. This reduces unexpected repair costs and ensures that your property remains an attractive rental option for years to come. 💭 Thinking about adding new construction to your investment portfolio? Let’s connect and explore communities throughout Southern California and find the best option for you! #InvestmentProperty #RealEstateInvesting #NewConstruction #RealEstateTips #PropertyInvestment #kwestatesbyjasmine🏡

Longer Development, Limited Groundbreaking Might Cause Supply Shortage in 2026 Over the past nine years, the time it takes to construct a multifamily building increased from 18 months to just over two years, compounded by supply chain issues and work stoppages during the pandemic. The data show a bump in completion times, particularly in the second half of 2022 and beginning of 2023. However, construction timetables also rose in 2016 and 2017, slowly gaining momentum until the start of the pandemic. The reason for this pre-pandemic rise and the continued elevated construction schedules is related to a shift in the type of apartments being built. In 2015, 42% of completed units were in garden apartment projects. However, by the end of 2023, that percentage decreased to 23%, as more complex projects such as mid-rise and high-rise building dominated the pipeline.

New York: America’s biggest renovation market, 45% larger than the runner-up (Los Angeles) and notoriously complex where residential construction is in play. Learn how renovations impact lifetime value in property and how owners and their reps can get projects on track in buildings once and for all. #renovationmanagement #condos #coops #peopleinproperty

As summer continues to sizzle, there are numerous ways to ensure your home keeps running efficiently up until Labor Day! While maintaining a cost-effective home may seem challenging, finding a skilled green builder doesn't have to be. Especially now that younger generations are increasingly drawn to careers in the construction industry. This is due in part to the innovative aspects of modern construction technologies. The allure of new home construction is growing because of these advancements, and potential home buyers are showing a preference for new homes over existing ones. You can find further information on these fascinating topics here: https://lnkd.in/er5ukcG #HBRAMA #NEWHOMECONSTRUCTION #GREENBUILDING #CONSTRUCTIONCAREERS