Construction Archives - Enterprise Residential LLC Blog

Construction Archives - Enterprise Residential LLC Blog Just another Rent Cafe Blogs Sites site Mon, 24 Oct 2022 12:52:11 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 227031926 Multifamily Construction On the Rise https://www.enterpriseresidential.org/blog/2022/10/26/multifamily-construction-on-the-rise/ https://www.enterpriseresidential.org/blog/2022/10/26/multifamily-construction-on-the-rise/#respond Wed, 26 Oct 2022 12:47:00 +0000 https://www.enterpriseresidential.org/blog/?p=796 Inflation and rising interest rates are starting to take their toll on some construction sectors, but one sector continues to be strong with no signs of slowing–multifamily housing construction. The July housing report from the U.S. Department of Housing and Urban Development showed starts of multifamily structures with five or more units was 16.4% higher…

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Inflation and rising interest rates are starting to take their toll on some construction sectors, but one sector continues to be strong with no signs of slowing–multifamily housing construction.

The July housing report from the U.S. Department of Housing and Urban Development showed starts of multifamily structures with five or more units was 16.4% higher than at the same time in 2021.

"The reality is that the demand for affordable housing greatly outpaces the supply in this country," said Rebecca Warntz, vice president of design and construction at Enterprise Community Development, a nonprofit developer and operator of affordable and mixed-income housing in the mid-Atlantic region.