Of Interest

This writer points out that local investors are uniquely positioned to help alleviate some of the housing crisis, particularly for lower and middle-income families. In a shocking reveal, the writer finds that for every 100 families needing affordable housing, 37 units are available. Flipping, he says, can help locally. He says, “Renovation, repositioning, and refurbishment...

Early indications suggest that multi-family construction project starts are down. The report includes properties of five or more units. It’s something to pay attention to, but the report finds that “Nationally, the three-month weighted moving average for permits issued for multi-family housing in May was down three percent from April but was 18 percent higher...

With interest rates and all the components of construction costing much more than they did a year ago—when they can be found at all-supply chain issues are just the beginning of the rise in multi-family construction costs. Slower construction also increases costs, making it hard to find and keep labor. The bottom line is that...

Multi-family developments are, of course, not always workforce housing. Elected officials in Manatee County, Florida, have approved new projects that serve various needs. It’s pretty clear that all kinds of housing are needed virtually everywhere.