Post-Pandemic Multifamily Trends: Insights on Permits, Legislation, and Investment Strategies
Sandy MacKay explores post-pandemic trends in the multifamily housing market, beginning with a decline in housing permits and the influence of remote work. The episode highlights development hotspots and varying permit trends across U.S. cities. The Housing Affordability Act is examined alongside FHA multifamily loan limits and proposed legislative amendments, with political commentary and support for the Act. Attention shifts to changes and opportunities in the Dallas-Fort Worth market, offering investment strategies and lessons for Canadian investors. The episode concludes with closing remarks and appreciation for the listeners.
Key Points
- Permits for multifamily housing units in the U.S. have significantly declined, with a 27.1% decrease from the pandemic building boom and a 5.5% drop from pre-pandemic levels.
- Despite the slowdown in new construction, Austin, Texas, remains a hotspot for developers, granting permits for 64.5 multifamily units per 10,000 people, the highest among major U.S. metros.
- The Housing Affordability Act, introduced by Senators Ruben Gallego and Dave McCormick, aims to increase the supply of affordable housing by raising the Federal Housing Administration's outdated multifamily loan limits.
Chapters
0:00 | |
0:22 | |
1:51 | |
3:21 | |
4:05 | |
5:30 | |
5:54 | |
7:38 | |
8:33 |
Transcript
Loading transcript...
- / -