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\u2022 The median rent in the United State rose 2.8 percent over the past year to $1,445, the fastest pace of appreciation since May 2016, according to Zillow.<\/p>\n
\u2022 Potential buyers are having an increasingly difficult time finding a home they can afford, so they are renting longer.<\/p>\n
\u2022 Rising mortgage rates only exacerbate the problem, as they decrease affordability as well.<\/p>\n
“The country’s apartment market remains tight, with product availability generally limited to recently completed properties moving through initial leasing,” said Greg Willett, chief economist at RealPage. “Unless a renter can afford that expensive new stock, finding a ready-to-lease unit takes some real work in most locations.\u201d<\/p>\n
Out of the 45.9 million renters, Millennials form 18.4 million, 12.9 million comprises Generation X, and 10.4 make up Baby Boomers.<\/p>\n
Making apartment living attractive to Millennial and Generation X means a building that is environmentally conscious, tech savvy, online and text portals for maintenance requests and paying their rent, high speed Wi-Fi, and don\u2019t forget the furry babies, Millennials love their pets.<\/p>\n
The up and coming Get Z\u2019ers, are soon to be the largest demographic in the Southeastern United States. Property investors should keep them in mind when making renovations and new construction.<\/p>\n
When it comes to renovations and new construction of multi-family housing, apartments, condominiums and commercial building throughout the Southeastern United States,\u00a0SWET Construction Group is an industry leader in the industry<\/a>. We\u00a0offer cost-effective plans, fast and attractive flooring, interior design services, drywall, metal framing, paint and waterproofing.<\/p>\n All of our projects receive continuous supervision, customer satisfaction and attention to detail, from beginning to end.<\/p>\n","protected":false},"excerpt":{"rendered":" It may be difficult for property investors to know what the future holds, but new multifamily housing is significantly impacting the rental market. From the top renters Millennials, to Gen Zer\u2019s hitting the market, to older Americans downsizing, the multifamily housing market is expected to continue to have a high return on investment. \u201cRents are… Continue reading Construction\/Renovations of Apartments & MultiFamily Housing<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[98],"tags":[69,86,30,72,20,81,71,102,39,56,18],"_links":{"self":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/2544"}],"collection":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/comments?post=2544"}],"version-history":[{"count":6,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/2544\/revisions"}],"predecessor-version":[{"id":2557,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/posts\/2544\/revisions\/2557"}],"wp:attachment":[{"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/media?parent=2544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/categories?post=2544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swetconstructiongroup.com\/blog\/wp-json\/wp\/v2\/tags?post=2544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}