One-third of young adults say hurricanes like Helene and Milton will impact where they choose to live

Nearly one-third of U.S. residents between 18 and 34 years old say they are reconsidering where they want to move after seeing the damage wrought by Hurricane Helene, according to a Redfin report.

About 15% of those over age 35 echoed their younger cohort’s sentiment. “Americans are beginning to realize that nowhere is truly immune to the impacts of climate change, and we're starting to see that impact where people want to live—even people who haven't experienced a catastrophic weather event firsthand,” said Redfin chief economist Daryl Fairweather.

The state of the homeowner insurance market has survey respondents concerned. Nearly a quarter of all respondents to the survey expect insurance premiums in their area to increase after Hurricane Helene. About 13% of respondents think Helene will make it harder to get homeowners insurance.

Severe storms appear to be having a significant impact on Florida’s housing market. Home sales in some Florida markets have been flat for more than a year after doubling between 2017 and 2024. In Tampa, Orlando, and much of the Space Coast, inventory of single-family homes and condominiums is up more than 50% year-over-year.

J.G. Whittier Apartments, a workforce housing project in Seattle uses the geology of eastern Washington as inspiration for the design. The architecture and interior design celebrate geometric anomalies found in nature. At the corners of the building, blackened wood siding “erodes” to expose vibrant murals underneath.

MFPRO+ New Projects | Aug 16, 2024

At 60 stories, the Paramount multifamily development will stand as Nashville’s tallest high rise

When complete, the 60-story Paramount building, at 750 feet high, will be the tallest high rise tower in Nashville, Tenn., surpassing the city’s current record holder, the 617-foot AT&T Building. The $390 million Paramount project recently launched condo sales after securing more than $230 million in construction financing.

The VIctor is a mixed-use adaptive reuse of a massive warehouse in St. Louis. Image: Sam Fentress

Adaptive Reuse | Aug 14, 2024

Adaptive reuse revives a former warehouse in St. Louis

The Victor, as the building is now called, has nearly 400 residential apartments.

MFPRO+ News | Aug 14, 2024

Report outlines how Atlanta can collaborate with private sector to spur more housing construction

A report by an Urban Land Institute’s Advisory Services panel, commissioned by the city’s housing authority, Atlanta Housing (AH), offered ways the city could collaborate with developers to spur more housing construction.

Mike Sinclair Photo of 80-unit modular construction project in Kansas City

Modular Building | Aug 13, 2024

Strategies for attainable housing design with modular construction

Urban, market-rate housing that lower-income workers can actually afford is one of our country’s biggest needs. For multifamily designers, this challenge presents several opportunities for creating housing that workers can afford on their salaries.

MFPRO+ Research | Aug 9, 2024

Apartment completions to surpass 500,000 for first time ever

While the U.S. continues to maintain a steady pace of delivering new apartments, this year will be one for the record books.

Rendering of The Phoenix affordable housing development

Affordable Housing | Aug 7, 2024

The future of affordable housing may be modular, AI-driven, and made of mushrooms

Demolished in 1989, The Phoenix Ironworks Steel Factory left a five-acre hole in West Oakland, Calif. After sitting vacant for nearly three decades, the site will soon become utilized again in the form of 316 affordable housing units.