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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.
Their efforts have championed renewable energy, and demonstrably helped move the Empire State Plaza, New York’s center of government in Albany, away from fossil fuel combustion.
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.