Multi-family housing construction and renovations in the Southeastern United States, Orlando and Atlanta, will gain momentum and show very profitable for investors. Consulting firm KPMG recently surveyed real estate executives that revealed multi-family investors expect a significant amount of new developments.
“As U.S. job growth has recovered slowly, the multifamily sector has benefited from new household formation—for example, young people moving out of parents’ homes and into rental apartments—as the economy has started to improve,” KPMG said in the report. “Many household members fared badly during the recession and are unlikely to be homebuyers again anytime soon. They may also be deterred by today’s stricter mortgage guidelines or driven by the need for easy mobility to take advantage of career opportunities.”
Those surveyed saw the biggest opportunity for investment in the Southeastern United States, followed by Southwest and then the Midwest.
“Respondents’ selection of the Southeast as the region of greatest potential for real estate investment may come as a surprise because this was one of the regions that suffered the most during the housing crisis,” the report said. “Recently, however, housing prices continue to rise across Florida and construction is booming again in Miami, signaling a welcome rise in demand. A manufacturing boom is also underway in the Southeast and the United States overall.”
Multi-Family housing renovations in the Orlando and Atlanta areas are SWET Construction Groups specialty. From the roof to the foundation and everything in between, we give you the results you’re looking for. If your property is in need of routine maintenance or a fresh, attractive look for new clients, SWET Construction Group will meet and even exceed your expectations in a timely and professional manner.
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, offering cost-effective plans, fast and attractive flooring, interior design services, drywall, metal framing, paint and waterproofing.