Sian Jones’ Post

We've said it before: building affordable housing units is anything but affordable to do. This article decided to dive into five especially pricey projects in San Deigo, CA to clarify what’s drove up costs for those specific projects. While each project is unique, this article is demonstrative of projects all across the country and gives some insight into the challenges we're facing in addressing the housing crisis.

The complexity of, and number of sources in, this capital stack highlight why low cost financing is so important in making affordable housing projects pencil. Can’t wait to see it when it’s done!! https://lnkd.in/dy87YRn3

Canada’s housing crisis demands urgent solutions, and modular construction offers a game-changing opportunity. 🏗️ Built in factories and assembled on-site, modular homes can be up to 50% faster to construct while reducing costs, waste, and disruptions. Despite barriers like high upfront costs and regulatory delays, successful projects show modular’s potential to boost supply and affordability. At Homefield Communities, we embrace innovative solutions like modular housing to create high-quality, affordable homes and help bridge housing gap in Ontario and British Columbia. With a focus on efficiency and sustainability, we’re building vibrant communities for the future. 🏡 Find out more at https://lnkd.in/eyreDmuc #homefieldcommunities #attainablehousing #communitybuilder #landlease #landleasecommunity #canadiandeveloper #homeownership #industryleader #communitydevelopment #communityamenities #communityliving #ModularConstruction #HousingSolutions #CanadaHousingCrisis

New Zealand is set to implement regulatory changes aimed at boosting home construction to address the nation's housing shortage. Read More- https://lnkd.in/gzst_Dcd #NZHousingCrisis #AffordableHousingNZ #NewZealandRealEstate #HomeConstruction #HousingMarketReform #SustainableHousing #GreenBuildingNZ #HousingForAll 

Exciting developments in Ontario! New housing legislation aims to reduce bureaucratic barriers and speed up home construction. Minister Paul Calandra emphasizes the importance of efficiency in meeting housing goals. Learn more in our article: https://lnkd.in/gZzbYgSy #foresthilldistinction #realestate #newhousing #legistation #ontariohousing

Great article by CPA Canada discussing the proposed housing plan to address the current shortfall. The last graph in particular showing construction duration will continue to get worse with respect to multi-family units. New building codes coupled with increased regulation makes it difficult to get new housing up quickly, as well as increasing already high building costs. CMHC has done well to allow 50-year amortizations for their Select program, provided certain metrics are hit. In Winnipeg, we still see permits taking excessively long. Shortening permit wait times, alongside reducing red tape in many areas would promote development quickly.

How can Gold Coast address the housing crisis it's facing? New research reveals a looming slowdown in the Gold Coast’s apartment market, with over 50% of the apartment pipeline at risk of being delayed or withdrawn by 2026-27. The expected supply of new apartments could plummet from 1,900 units in 2025 to just 50 by 2027. This comes at a critical time. The Gold Coast is tasked with delivering 4,500 new dwellings annually under the South East Queensland Regional Plan. However, cost burdens, taxes, and lagging infrastructure are creating serious barriers. A new planning scheme is urgently needed to boost supply. Without swift, coordinated action, the Gold Coast risks falling short in addressing its housing crisis. Get more insights from the attached article.

Housing construction starts in Australia came in at record lows in 2023/24. But there are some better signs on the horizon as conditions are expected to improve in coming years. #construction #housing #property #realestate https://lnkd.in/g5d4aaRC

The recent revelation that Ontario's housing supply has been overstated by almost 1 million units brings both opportunities and challenges to the forefront. Let's break it down: Good: 1. Accurate Data: The study provides stakeholders with precise information to make informed decisions for future housing developments. 2. Debunking Misconceptions: Clarity on the actual availability of lots dispels the myth that the construction industry is "sitting on supply.” 3. Highlighting Real Challenges: Identifying discrepancies sheds light on crucial challenges like land availability and approval processes for sustainable development. Bad: 1. Shortage of Lots: The gap between reported and actual available lots signals a shortage that could impact housing affordability. 2. Backlog in Approvals: A significant backlog in approved units may lead to delays in meeting the housing demand. 3. Data Collection Inconsistencies: The study underscores the importance of uniform data collection practices to avoid overestimations. This news underscores the need for strategic planning and improved data practices to ensure sustainable housing development in Ontario. Let's collaborate to address these challenges and build a more resilient housing market! #OntarioHousing #RealEstate #SustainableDevelopment

UDIA National strongly supports the Government’s ongoing commitment to address the nation’s lack of housing supply, through the targeted strategies announced in tonight’s Budget,” said Col Dutton, UDIA National President. However, for the Government to reach its ambitious National Housing Accord target to build 1.2 million new homes over 5 years, 97% of its target will be delivered by private housing providers. They will need the support from all governments, if they are to significantly increase their delivery capacity, as they struggle to return to their pre-Covid productivity. Market-wide solutions will be necessary to tackle a range of fundamental problems, particularly at a time when completions are in freefall. These include chronic lack of development ready land, significant shortage of skilled workers in the construction industry, accelerated cost of construction materials and inhibited project finance, all of which are holding back projects.  UDIA National encourages the Government to keep a laser focus on the implementation of the initiatives announced in tonight’s Budget, to stabilise house prices and rents and ease the increasing cost of living pressures. Particularly important are those measures that enable our industry to build the homes for the people of Australia, so that they realise the dream of home ownership,” said Col Dutton. Our full media release can be found at this link https://lnkd.in/gZFYiuYD UDIA NSW, UDIA SA. UDIA NT, Urban Development Institute of Australia (UDIA) Victoria, UDIA Queensland, Urban Development Institute of Australia (WA)