![Multifamily housing today: 7 exciting, inspiring innovations [AIA Course]](/sites/default/files/Screen%20Shot%202017-05-02%20at%2011.55.02%20AM.png "Multifamily housing today: 7 exciting, inspiring innovations [AIA Course]")
The multifamily sector is not showing any signs of slowing down. The U.S. market needs to add at least 400,000 rental units a year to serve the nation’s housing needs, according to the National Multifamily Housing Council and the National Apartment Association (see: http://nmhc.org/Apartments-Economic-Impact/).
On the side of homeownership, U.S. Census data shows that three-quarters (76%) of condominium and cooperative units that came on line in Q4/2015 were sold within three months of completion (www.census.gov/housing/soma/).
The demand is being found not just in big cities like Fort Worth, Texas, Charlotte, and Nashville but also in second-tier metros like Charleston, S.C., and Harrisburg, Pa. San Antonio’s Broadway Corridor, Austin’s Riverview area, and Downtown Los Angeles, known as DTLA, are hot markets that have used local ordinances and targeted investment to create 24-hour dining and shopping zones to lure young professionals and growing families into these new residential enclaves.
Let’s look at seven novel approaches developers and Building Teams are taking to respond to competitive pressures and build more quickly and with more attractive offerings in new and reconstructed multifamily developments.
TAKE THIS FREE AIA COURSE AT BDCUNIVERSITY.COM
Related Stories
Multifamily Housing | Jun 10, 2020
60-unit independent senior living facility completes in Crystal Lake, Ill.
UrbanWorks designed the project.
Multifamily Housing | Jun 9, 2020
Two 56-story prefabricated towers will make up Singapore’s newest residential district
ADDP Architects designed the project.
Multifamily Housing | Jun 4, 2020
Roof hatches selected for infill townhomes in Miami’s Little Havana neighborhood
Townhome project in Little Havana, Miam, Fla., uses BILCO roof hatches for reliability, code compliance.
Multifamily Housing | May 29, 2020
New multifamily project includes energy storage as an amenity
Each battery is linked to an on-site solar panel array.
Coronavirus | May 26, 2020
Multifamily developers report mounting delays in permitting and starts due to coronavirus pandemic
More than half (53%) of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the third edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey.
Multifamily Housing | May 8, 2020
Nashville's newest residential tower will rise 416 feet
Goettsch Partners is designing the project.
Multifamily Housing | May 8, 2020
'Lakehouse' is the first multifamily project in Colorado to receive WELL Precertification
Stantec and Muñoz + Albin are the project's architects.
Senior Living Design | May 5, 2020
5 memory care communities with a strong sense of mission
Communities in California, Colorado, Florida, Maryland, and Virginia display excellence in memory care facility development, design, and construction.
Multifamily Housing | Apr 23, 2020
Tankless water heaters: 12 things to know about these energy savers for multifamily housing
Twelve factors to consider in using tankless water heaters in multifamily housing.
