With a growing need for multifamily housing solutions at all income levels, the U.S. market is seeing a proliferation of inventive projects. Alongside the creativity is a nascent move toward higher quality, if not always larger unit sizes, with offerings of better amenities both inside and outside today’s latest residential solutions. This movement is happening in spite of a tough economic climate: escalating interest rates and relative declines in unit prices, along with softer sales and leasing activity in many markets, say building teams nationally. In fact, according to leading experts, this “flight-to-quality” trend extends from the luxury realm and office building conversions to affordable and entry-level offerings in new developments.
LEARNING OBJECTIVES
After reading this article, you should be able to:
- Discuss the trend toward improved amenities, and related ideas about housing affordability and workforce solutions
- Describe the use of local and authentic building designs and materials, such as cladding, finishes, and sitework
- List approaches to more sustainable and energy-efficient multifamily buildings, including building electrification
- Describe the benefits of varied materials and methods for more efficient, resilient, and sustainable multifamily housing solutions
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