Demand for rental units by families is expected to far outstrip supply over the next few years.
Over the past decade, developers have been focused on single, urban, and transient millennials, while often ignoring demand from families, according to a new report, Family Renter Housing: A Response to the Changing Growth Dynamics of the Next Decade, by RCLCO and the Urban Land Institute’s Terwilliger Center for Housing. As homeownership rates have declined and housing costs have risen, however, developers may now have the incentive they need to focus on families over the next decade.
The report notes that there are new forms of rental family housing emerging, but there are continuing challenges to getting them constructed, including developer preferences, entitlement, zoning, and other regulations.
Related Stories
| Feb 9, 2012
Computer tool helps engineers design roof cladding using Canada's building code
Easier to design roof cladding that can withstand winds in a given area.
| Feb 9, 2012
Webinar focuses on lessons learned from LEED-certified industrial project
This case study will focus on strategies used to save the client money, achieve certification, and effectively market success once the project was complete.
| Feb 9, 2012
Rapid growth of zero energy buildings expected
Much of that growth will be in the European Union, where near-zero energy buildings are mandated by 2019 for public buildings, and by 2021 for all construction.
| Feb 9, 2012
Stiffer OSHA fines put strain on Kansas contractors
A fine for a violation that once cost between $750 and $1,200 now runs $7,000 or more per incident, according to a state industry association official.
| Feb 9, 2012
Webinar focuses on lessons learned from LEED-certified industrial project
A Construction Specifications Institute webinar will focus on the lessons learned through the design and construction of a LEED-certified industrial project, Better Living Mill Shop, the first industrial building in Central Virginia to earn LEED certification.
| Feb 8, 2012
California likely to eliminate redevelopment agencies
Leaders of California cities had been trying to fashion a compromise with lawmakers after the state Supreme Court ruled the state had the authority to eliminate the agencies and use their property tax money for local services.
| Feb 8, 2012
Project aimed at economical seismic retrofits on historic Memphis structures
The group will develop a low-cost seismic retrofit model that would benefit aging brick-and-mortar structures. It involves bolting steel brackets to existing wooden floor and ceiling joists.
| Feb 8, 2012
Houston signs on to Better Buildings Challenge
The challenge has about $4 billion in federal and private-sector funds, which it will use for building energy upgrades nationwide in the next two years.
| Feb 8, 2012
OSHA offers free health and safety consulting for small businesses
The consultants offer confidential, non-punitive advice.
| Feb 8, 2012
Controversy over pay for prisoners on roofing job in Michigan
The disagreement was over whether the prisoners should have been paid prevailing wage for their brief time on the job because the project was paid for with a U.S. Department of Energy grant.
