Zachary Nyberg’s Post

Build-to-Rent continues to grow in markets in need of rental housing. With 109 townhomes under construction, it's another example of the continuing command for #BTR and #SFR. #adt #adtmultifamily #smarthome #rentalmarket

They're joking, right? Doing a residual home value from somebody's income is nuts. You end up with a number that doesn't make any sense to build to. The Province should take over the Municipal Planning for 5 years and process permits in a maximum of 12 months, based on the 50s Scarborough Bungalow of 3br 900sf with a 900 sf basement. Then.. You might begin to make numbers work, especially if you do modular for speed with quality control. 3 into 2 won't go. After 5 years, let the Municipal Planning Departments take over again under the new Provincial model. https://lnkd.in/gaPv6C9j #developer #construction #planning #design #affordablehousing #affordablerentals #realestate #commercialrealestate #condos #realestateindustry #interestrates #loaninterest #inflation

At the end of last year, developers began building just under 4,500 new apartments. That represents a drop of 42% in the number of new rental homes started compared to two years before. Real estate experts agree that rent prices should continue to drop as thousands of new apartments that builders began constructing during the boom become available to lease. While building has slowed, developers can't halt mid-project. https://lnkd.in/gvm2jjK4

Single-family residential construction and renovations have long been the primary market for the lumber industry. But single-family construction alone will not meet the demand for housing in the United States — nor will it be a driver for incremental growth in lumber demand. That's where softwoods and Southern Pine come in... #southernpine #lumber #wood #softwoods #buildwithwood #residentialconstruction #sustainability #forestproducts

" “3-3-3-1"... It includes three days to approve home renovation permits, three weeks for single-family home and townhouse permits, three months for certain multi-family and mid-rise projects, and one year for high-rise or large-scale projects."

Among several other metros, San Francisco is expected to see a slowdown in apartment construction by 2028. Between 2019 and 2023, San Francisco saw 38,060 completed apartments according to RentCafe. "That number is poised to drop to an estimated 25,730 for 2024 to 2028 — a 12,330 difference. Meanwhile, a projected 5,078 rentals in the San Francisco metro area will be complete this year — of that, about 1,100 will be in the city proper." Seeing this considerable decrease in apartments in the area, assuming employment doesn't drop precipitously, means there’s a likelihood that landlords will raise rents as availability is not what was once intended. #Apartments #Landlords #SanFrancisco BayArea

At Lightwell we are working on several low rise rental developments in Vancouver. Our costs by size in order are: 1) Construction costs 2) Land costs 3) Interest costs 4) City and development fees 5) Soft costs There is a ceiling to rent growth in Vancouver. If costs continue to increase and rents plateau then projects won’t be viable. #multifamily #multifamilydevelopment #realestatedevelopment #realestate

What's Happening in #Tampa / #StPete: Two local developers are planning built-to-rent homes in #Palmetto! Mize and Sefair Development, led by Jay Mize and Dan Sefair, has received Manatee County approvals for Mia Bella Palmetto, which will consist of 30 single-family homes built as rentals. An entity linked to the developers paid $450,000 for the 10-acre lot at 1955 49th St. E in May 2022. Site work for the community will begin as soon as permits are received. The Developer anticipates that will be in the third quarter. Completion is slated for the third quarter of 2025. Each unit will be 1,812 square feet and have four bedrooms and two and a half bathrooms. https://lnkd.in/eP2XWMqx Tampa Bay Business Journal #manateecounty #manatee Daniel R. Sefair Jay Mize #homes #housing #multifamily #investor #construction #build2rent #realestate #tamparealestate #manateerealestate

The recent GrowthSpotter article highlights a significant shift in Orlando's build-for-rent market, which is now showing signs of cooling after a period of rapid growth. Factors such as rising interest rates and increased construction costs are impacting developers' strategies and potential renters' decisions. As a CRE development company, we stay attuned to these market dynamics to ensure our projects meet current demands and navigate market fluctuations effectively. #PLD #BuildToRent #Orlando

The biggest challenge to getting rental housing projects built today is the math. It simply doesn’t work, reported ConstructConnect. "That was the message from Corey Pacht of Fitzrovia during the Residential Construction Council of Ontario’s recent Housing Summit 4.0, Accelerating Change: Tackling the Housing Crisis. Joining Pacht for the talk titled Rental Housing Market in Ontario – Challenges and Opportunities was Tony Irwin of the Federation of Rental-housing Providers of Ontario (FRPO)." https://lnkd.in/gPRFKXvJ #residential #construction #ontario