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Regulatory and supply-side challenges coupled with slowing rent growth and rising vacancy rates will weaken the multifamily construction market in 2021.
After declining for four years, a number of key trends — including the average size of the home and the number of bedrooms and bathrooms — reversed course in 2020 as a result of shifting buyer preferences in the wake of COVID-19.
According to NAHB, housing is one of the few sectors experiencing year-over-year job gains, but it still has not been enough to meet the increasing demand for housing.
Nearly 40 business and government leaders discussed the need for a National Building Information Management Program to improve the relationships, performance and profitability of the increasingly digitalized U.S. AECO industry.