Big changes for the multifamily market
Multifamily projects were a hot topic at the 67th International Builders’ Conference in Orlando this week. The majority of people seem bullish on the multifamily market, but the majority also say the market is changing in some pretty dramatic ways. What’s different: demographics, the types of products being built and target markets (for both rental and for-sale properties), technology, and financing (believe it or not, lenders are willing to fund the right projects). Here’s what stood out to me after three days of talking about the multifamily market: