An era of multi-family construction is expected to slow as the housing market recalibrate, according to analysis in Bloomberg.
The multi-family development market is slowing from the pace that helped the economy break out of the Great Recession nearly a decade ago, according to an article by Shobhana Chandra, Vince Golle, and Jordan Yadoo.
Writing for Bloomberg, the trio of reporters identifies a softening in the multi-family segment as the single-family market is expected to build momentum.
Commerce Department data released last weekend showed "completions of multifamily units in October reached the fastest annualized rate in almost three decades," according to the article. Now that so many new multi-family units are coming on line, "the number of multifamily units authorized but not yet started also is cooling as builders attempt to calibrate the supply."
The article includes additional warning signs for the multi-family market as well as discussion about the potential consequences of the market trends. Renters will be happy to hear, for instance, that "an adequate supply of apartments -- both ready and in the pipeline -- could eventually put downward pressure on rental prices…" Other parties that stand to benefit from a softer multifamily market include single-family homebuilders, which are currently hampered by a tight labor market.
FULL STORY: Once-Hot Apartment Construction Cooling as U.S. Housing Engine
Single-Family Homes Appearing Faster Than Any Year Since 2006
The housing construction market is responding to strong demand with a glut of new single-family homes.
A Call for Action as Construction Slows in California
An editorial by the Los Angeles Times calls for the state to remove barriers to housing shortage after a report finds declining numbers of residential permits around the state.
Over 71K Office-to-Apartment Units in the Pipeline for 2025
Adaptive reuse projects are continuing to bring thousands of new housing units onto the market as demand for office space remains low.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
The Five Most-Changed American Cities
A ranking of population change, home values, and jobs highlights the nation’s most dynamic and most stagnant regions.
San Diego Adopts First Mobility Master Plan
The plan provides a comprehensive framework for making San Diego’s transportation network more multimodal, accessible, and sustainable.
Housing, Supportive Service Providers Brace for Federal Cuts
Organizations that provide housing assistance are tightening their purse strings and making plans for maintaining operations if federal funding dries up.
Op-Ed: Why an Effective Passenger Rail Network Needs Government Involvement
An outdated rail network that privileges freight won’t be fixed by privatizing Amtrak.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
New York City School Construction Authority
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions