In this episode we explore the hierarchy of factory-built technology including factory-built homes and factory-built components. We also look at a news article relating to the decline of the HUD-Code manufactured housing industry.
Ending the Stigma of Trade School
“The stigma of vocational school needs to end. Parents, the stigma started with us and it needs to end with us.”
https://grownandflown.com/end-stigma-trade-school/
HousingThink Extra – Episode 2
A deeper dive into the rental housing marketplace.
Canadian High Schools Bring Back the Trades
“Windsor-Essex electricians and plumbers could be fully qualified to work by the time they are 20 years old. That’s if they take advantage of an expanding skilled trades program on which the Windsor-Essex Catholic District School Board and St. Clair College have been collaborating.”
HousingThink Podcast – Episode 2
Episode 2 of the HousingThink Podcast. Doug and Jeff discuss the rental housing marketplace including affordable, workforce, and luxury multifamily housing.
Modular Construction in Multifamily
“While modular construction still only accounts for nearly 5 percent of all commercial construction, multifamily is the fastest-growing segment within the industry, according to research by the Modular Building Institute. In 2017, MBI found that manufacturers built a little more than 1,100 modular apartment units in the U.S. In 2018, that number more than doubled to 2,300 units.”
https://www.multihousingnews.com/post/off-site-building-gets-its-test-in-multifamily/
Largest Passive House in North America
Another affordable housing development on the cutting edge of energy-efficient innovation.
HousingThink Podcast – Episode 1
This is the inaugural episode of the HousingThink Podcast where we introduce our producer (Phil Erhardt) and our co-hosts (Doug Koch and Jeff Carroll). We discuss the format of the show and the content for future episodes.
Planning Commission Meeting: Davidson’s Landing
Tartan Residential made a presentation to the Unified Government Planning Commission on Monday, December 10, 2018 in Kansas City, Kansas. The purpose of the meeting was to evaluate the site plan for a proposed 115-unit apartment community known as Davidson’s Landing.
Jeff Carroll, President of Tartan Residential, made a 15-minute presentation and entertained questions from city staff, planning commissioners, and neighbors.
The planning commission voted 7-0 in favor of the proposal.
A copy of the presentation is found here.
Marcus & Millichap Multifamily Market Report: Raleigh
Marcus & Millichap released their 2018Q4 multifamily market report for Raleigh. The study finds that metro vacancy rates contracted 60 basis points to 4.8 percent in the third quarter; average rents increased 3.5 percent to $1,106 this past year.
Researchers attribute this to the robust economic growth taking place in the greater Raleigh area. According to the report: “Since the third quarter of last year, employers added 26,000 workers to payrolls, well above 18,900 in the prior year-long period.”
The Marcus & Millichap study finds that 5,260 apartment units were completed over the past 12 months, just 70 units short of the number of units produced the prior year. Although multifamily production remains high, units are being absorbed quickly. According to the report: “Renter demand outpaced new inventory year over year, contracting vacancy 60 basis points to 4.8 percent in the third quarter.”
The study finds a $725 monthly affordability gap for renters versus owners and significant demand for older apartment units. According to the report: “By vintage, the largest rent growth was registered in buildings constructed during the 1970s. The more affordable average rent in this age group jumped 5.4 percent to $929 per month.”
This underscores the need for more workforce housing in the greater Raleigh area.
The following link will take you to the Marcus & Millichap report: