![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 | Oct 21, 2021
Chicago’s historic Lathrop public housing complex gets new life as mixed-income community
A revitalized New Deal–era public housing community in Chicago brings the Garden City movement of yesteryear into the 21st century.
Multifamily Housing | Oct 20, 2021
Sacramento’s first luxury high-rise rental residences announced
Southern Land Company is developing the project.
Multifamily Housing | Oct 18, 2021
Construction begins on downtown Fort Worth’s first luxury high-rise rental residences
GDA Architects designed the building.
Multifamily Housing | Oct 14, 2021
27-story Bronx tower will include retail, 200 apartment units
CetraRuddy is designing the project.
Multifamily Housing | Oct 12, 2021
Affordable and sublime: 13 projects that represent the future of affordable housing
These projects prove that it’s possible to develop aesthetically pleasing, high-quality housing for low-income families, the homeless, and veterans.
Multifamily Housing | Oct 12, 2021
New multifamily community completes in Austin
Britt Design Group and Davies Collaborative designed the project.
Multifamily Housing | Oct 6, 2021
New assisted living and memory care facility begins construction in Austin
OZ Architecture designed the project.
Multifamily Housing | Oct 4, 2021
Spire brings 343 condos to downtown Seattle
The project is the closest high-rise building to the Space Needle.
Multifamily Housing | Sep 29, 2021
Five-story apartment community in Duarte, Calif. breaks ground
The project is located 22 miles from downtown L.A.
Multifamily Housing | Sep 22, 2021
Designing for the ‘missing middle’ in multifamily housing
Multifamily housing expert Patrick Winters, AIA, discusses a neglected segment of the market: the "missing middle."
