Multifamily

  • A rendering of a streetscape with The Field Residences written on one of the buildings.
    Image attribution tooltip
    Courtesy of Riverside Investment & Development
    Image attribution tooltip

    5 of the largest US office conversions underway

    Over 55,000 residential units are in the pipeline, concentrated in major metros.

    By Mary Salmonsen • Feb. 23, 2024
  • Detail view of the US Capitol east facade in the early morning sun.
    Image attribution tooltip
    drnadig via Getty Images
    Image attribution tooltip

    Senators introduce bill to prevent use of algorithms to raise rent

    If passed, the legislation would make rent coordination a violation of the Sherman Act.

    By Mary Salmonsen • Feb. 9, 2024
  • Explore the Trendlineâž”
    Image attribution tooltip
    Rapeepat Pornsipak via Getty Images
    Image attribution tooltip
    Trendline

    Sectors to watch in 2022

    Learn more about how various construction sectors will fair this year.

    By Construction Dive staff
  • an interior shot of a high end apartment lobby
    Image attribution tooltip
    Permission granted by Woods Capital
    Image attribution tooltip
    Q&A

    AP exec sees growth in office conversion market

    Adolfson & Peterson’s Will Pender says the firm is seeing a record demand for projects that transform vacant workspaces into housing.

    By • Jan. 22, 2024
  • Crane and building under construction against blue sky
    Image attribution tooltip
    unkas_photo via Getty Images
    Image attribution tooltip

    Apartment starts drop 33%

    While multifamily developers struggle to get funding, single-family builders see a temporary resurgence.

    By Leslie Shaver • Jan. 3, 2024
  • A person stands on a walkway taking a photo of a cityscape.
    Image attribution tooltip
    carstenbrandt via Getty Images
    Image attribution tooltip

    The 5 hottest neighborhoods for multifamily development

    These areas have seen the largest share of new apartment units over the last several years as residents are drawn in by a lively mix of restaurants, retail spots, museums and more.

    By Mary Salmonsen • Dec. 15, 2023
  • An aerial photograph shows the sprawling convention center building in downtown Austin, Texas.
    Image attribution tooltip
    Courtesy of Turner Construction
    Image attribution tooltip

    November 2023 wins: Contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country’s biggest builders.

    By Construction Dive Staff • Nov. 29, 2023
  • A red construction frame in front of a high-rise building under construction.
    Image attribution tooltip
    JARAMA via Getty Images
    Image attribution tooltip

    Apartment starts plummet nearly 32%

    Completions of new buildings rose 14.3% as supply became a bigger issue in some markets.

    By Leslie Shaver • Nov. 28, 2023
  • A Connecticut Department of Transportation crew goes to work on a southbound Interstate 95 bridge on November 05, 2023 in Westport, Connecticut
    Image attribution tooltip
    John Moore/Getty Images via Getty Images
    Image attribution tooltip
    Economic Reports

    Construction starts drop 7%, marking second consecutive loss

    Despite three megaprojects kicking off, high interest rates and tight credit restrained activity last month.

    By • Nov. 22, 2023
  • A rendering of a student housing exterior
    Image attribution tooltip
    Permission granted by WDG Architecture
    Image attribution tooltip
    Project Wins

    St. Louis contractor nabs Michigan student housing job

    Brinkmann Constructors will build the $99 million Verve Ann Arbor near the University of Michigan.

    By • Nov. 10, 2023
  • A massive stadium filled with fans watching fireworks.
    Image attribution tooltip
    Courtesy of Penn State University
    Image attribution tooltip

    October 2023 wins: Contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the country’s biggest builders.

    By Construction Dive Staff • Oct. 27, 2023
  • A house with a sold sign on it
    Image attribution tooltip
    Feverpitched via Getty Images
    Image attribution tooltip

    Goldman sees high home prices, mortgage rates for next year

    The backlog of multifamily units already under construction has grown 56% since 2020, and the pipeline for new projects has begun to narrow, the global banking firm said.

    By • Oct. 26, 2023
  • A shift to remote work has softened the demand for office space, accelerating the need for commercial-to-residential conversions.
    Image attribution tooltip
    Fang Xia Nuo via Getty Images
    Image attribution tooltip

    Fed warns of stability risk from $24T commercial real estate market

    Prices for commercial properties slumped 3.9% from the second quarter of last year to Q2 2023, well below the 3.3% average annual growth beginning in 1997.

    By Jim Tyson • Oct. 24, 2023
  • A field of solar panels that dominate the foreground and the background. In the background, they are slanted at angles.
    Image attribution tooltip
    Courtesy of PCL Construction
    Image attribution tooltip

    PCL books $1B in solar work for 2023

    Amid an industrywide focus on the energy sector, the contractor plans to add 100 employees to its solar division.

    By • Oct. 24, 2023
  • The sun sets on the facade of the U.S. Treasury Department.
    Image attribution tooltip
    mrbfaust via Getty Images
    Image attribution tooltip

    10-year Treasury hits highest level since 2007

    As rates skyrocket, multifamily construction deals and transactions get even harder to pencil out.

    By Leslie Shaver • Oct. 10, 2023
  • Bunk beds with white bedding sit before a window with a view of Manhattan skyscrapers.
    Image attribution tooltip
    Courtesy of Hilton
    Image attribution tooltip

    Travel rebounds, boosts hotel projects

    A recovery in the hospitality industry and an increase in consumer confidence have led hotel companies to prime their construction pipelines.

    By Industry Dive Staff • Oct. 2, 2023
  • A block of apartment complexes
    Image attribution tooltip
    Arturo Rosenow via Getty Images
    Image attribution tooltip

    Returns for apartments continue to fall

    A real estate industry report ranks the areas of the country with the most and least returns for multifamily investors.

    By Leslie Shaver • Sept. 19, 2023
  • A city skyline
    Image attribution tooltip
    Sean Pavone via Getty Images
    Image attribution tooltip

    Maryland contractor expands footprint with new office in North Carolina

    Harkins Builders first entered the Raleigh-Durham market in 2018. Now, with millions of dollars of work in the region, it’s strengthening its foothold.

    By • Sept. 12, 2023
  • A chunk of concrete being tested in a lab
    Image attribution tooltip
    Permission granted by NIST
    Image attribution tooltip

    Champlain Towers investigation yields more clues

    A preliminary NIST report points to deviations from design in the Surfside, Florida, condo’s pool deck construction.

    By • Sept. 12, 2023
  • A modern-style building with "The Metropolitan" written on the side.
    Image attribution tooltip
    Courtesy of Landmark Properties
    Image attribution tooltip

    The top 10 colleges for student housing deliveries this fall

    Off-campus residential projects are flourishing near tech schools, particularly in the Southeast, according to an expert.

    By Mary Salmonsen • Sept. 6, 2023
  • A rendering of a large stadium lit up at night.
    Image attribution tooltip
    Retrieved from Tennessee Titans on August 16, 2023
    Image attribution tooltip

    August Project Wins: Contractors report their latest awards

    Construction Dive rounds up the newest jobs won by some of the country’s biggest builders.

    By Construction Dive Staff • Sept. 5, 2023
  • Crane and building under construction against blue sky
    Image attribution tooltip
    unkas_photo via Getty Images
    Image attribution tooltip

    Multifamily construction pipeline slows

    Permits for apartments of more than five units have plummeted 32% since last year, and starts have stayed flat, according to a new report.

    By Leslie Shaver • Aug. 24, 2023
  • A tall building obscured behind a tree.
    Image attribution tooltip
    Moeru Matsunoo via Getty Images
    Image attribution tooltip

    Adaptive reuse pipeline rises to 122,000 units under construction

    Despite strong incoming supply, office-to-multifamily completions in the sector have fallen since 2020.

    By Mary Salmonsen • Aug. 10, 2023
  • A rendering shows the design for the Bolsa Row retail development in Orange County, California.
    Image attribution tooltip
    Courtesy of R.D. Olson
    Image attribution tooltip
    Project Milestones

    R.D. Olson breaks ground on $27M retail project

    Bolsa Row Terrace in Westminster, California, at the heart of Orange County’s Little Saigon community, will feature more than 26,000 square feet of shopping and dining space.

    By • Aug. 9, 2023
  • A for sale sign on a home
    Image attribution tooltip
    Mikey_Man via Getty Images
    Image attribution tooltip

    Rising insurance costs could threaten new multifamily development

    Premium increases are creating a host of issues for apartment executives, who are already struggling with multiple financial challenges.

    By Leslie Shaver • Aug. 1, 2023
  • A rendering of the interior of the Buffalo Bills stadium, showing stands and the field.
    Image attribution tooltip
    Retrieved from Buffalo Bills on January 25, 2023
    Image attribution tooltip
    Economic Reports

    Construction starts continue volatile ride, ‘up one month and down the next’

    Choppy conditions will persist due to high interest rates and tightening lending standards, said Richard Branch, chief economist for Dodge Construction Network.

    By • July 24, 2023