The demand for multi-family housing construction and renovations in the Southeastern U.S., Florida and Georgia, are expected to rise in 2016. Higher interest rates will fuel the demand for rentals, as well as demographic trends and employment growth.
Due to the economical changes, the multi-family housing industry is growing faster than ever! The need for new construction and renovations of multi-family housing, apartment complexes, condominiums, retirement communities and residential treatment centers are increasing. However, these types of projects have a distinct set of challenges and innovations that require specialized knowledge and dedication.
In the publication The Demographic Shift from Single Family to Multifamily housing by Jordan Rappaport he says, Understanding the evolving U.S. housing market requires recognizing the ongoing shift from single-family to multifamily housing. More generally, the projected shift from single-family to multifamily living will likely have many large, long-lasting effects on the U.S. economy. It will put downward pressure on single-family relative to multifamily house prices. It will shift consumer demand away from goods and services that complement large indoor space and a backyard toward goods and services more oriented toward living in an apart- ment. Similarly, the possible shift toward city living may dampen demand for automobiles, highways, and gasoline but increase demand for restaurants, city parks, and high-quality public transit. Households, firms, and governments that correctly anticipate these changes are likely to especially benefit. The aging of the U.S. population will put further downward pressure on single-family construction but offsetting upward pressure on multifamily construction.
SWET Construction Group
Partnering with the right construction group will not only keep your construction costs low while achieving a beautiful architectural design, they will ensure your project is a great success by displaying quality traits such as preparedness, flexibility and awareness.
SWET Construction Group is a full service company who understands the big picture and well as the small details. We have the experience and knowledge to handle large multi-family construction to a more modest dimensions. We take pride in our professionalism and innovative approach, we are known for our quick turn around on projects and being cost efficient.
SWET Construction Group is an industry leader in the construction and renovation of multi-family housing, apartments, condominiums and commercial building throughout the Southeastern United States.