10 Trends in the Affordable Housing Sector
The diversity of the affordable housing market also gives developers the opportunity to target niches.
The affordable housing gap isn’t closing anytime soon — but the industry isn’t standing still. As Jay Szymanski, AIA, Principal with The Architectural Team, sees it, developers and AEC firms are embracing “an acceleration of every approach that adds to the affordable housing supply.”
By John Caulfield, Senior Editor, Building Design + Construction
From modular construction and adaptive reuse to public-private partnerships and shifting funding strategies, BD+C’s latest report identifies 10 trends reshaping the sector. Read on to see what’s driving change — and what’s still standing in the way.
10 trends in the affordable housing sector
- Supply still lags demand, by a lot
- Affordable vs. market rate: the gap closes
- Demand for new builds and renovations equally strong
- More states are clearing paths for project approvals
- Labor is mostly available to keep projects on track
- Developers reconsidering modular options
- Affordable housing is more than just four walls
- To lure workers, employers get involved in housing development
- Funding uncertainties drive P3 solutions
- Wish lists focus on how projects could be streamlined
