AMA-sponsored housing measure, now law, paves way for 150,000 new homes, apartments in Phoenix, Tucson metros
Vacant strip malls, barely occupied office buildings and abandoned businesses — we’ve all spotted them, whether in our neighborhoods, on our drives to work, or in parts of town in need of revitalization. They’re hard to miss. What if these dead zones could become alive again, creating high-quality and affordable places for Arizona families […]
Economic & Fiscal Impact Analysis of the Maximimum Potential Impact of Multifamily Residential Development Induced by HB2297
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Pima County Approves Funding for Affordable Housing Study
The Pima County Board of Supervisors has approved a $450,000 study to identify strategies for addressing the county’s shortage of affordable housing. Funded by the county’s $5 million annual Regional Affordable Housing Fund, the study will be conducted by Economic Consultants Oregon Ltd. over the next year. While some board members have raised concerns about […]
Confidence in Current Production and Occupancy Conditions Declined in Q2 2024
According to a National Association of Home Builders survey, confidence in current production and occupancy conditions has declined in Q2 2024, compared to the same period in 2023 and Q1 2024. The Multifamily Production Index (MPI), which gauges sentiment about apartment and condo market conditions on a scale from 0 to 100, dropped to 44. […]
Scottsdale to Welcome Luxury Rental Community with Exclusive Shared Office Space
A new $52 million rental community, Papago Village, is coming to Scottsdale. The project will convert a 70,000-square-foot former office space into 94 luxury units, with rents projected between $2,400 and $4,000. Amenities include a clubhouse, pool, spa, fitness center, recreation area, and dog park. In addition, a 4,500-square-foot building designed by Taliesin Associates will […]
The Sale of Empty Federal Land Could Help Ease Housing Crisis
The sale of surplus federal land could provide a crucial boost to affordable housing efforts. Both the RNC’s 2024 platform and President Joe Biden’s latest housing plan now include proposals to sell federal land to developers for residential construction. This approach aims to address growing voter frustration over the high cost and scarcity of housing. […]
San Francisco’s Mayor Proposes Zoning Change In Hopes to Address Vacant Office Buildings and Lack of Affordable Housing
With a rise in vacant office buildings and a nationwide affordable housing crisis, cities are exploring ways to convert commercial space into residential units. San Francisco officials are seeking to boost downtown housing by proposing to eliminate the zoning requirement for large mixed-use projects to include a minimum amount of office space. Co-sponsored by Mayor […]
What Can $1,500 Rent Get You in Arizona?
The size of an apartment for $1,500 a month varies widely across Arizona. According to a RentCafe analysis, in the West Valley cities of Surprise, Peoria, and Glendale, renters can secure between 834 and 857 square feet. In Phoenix, the same budget gets about 60 square feet less, while Mesa offers 833 square feet, and […]
World’s Largest Community of 3D Printed Homes Reaches Final Phase
The Vulcan, a state-of-the-art 3D printer from ICON, is currently finalizing the world’s largest 3D-printed community, known as the Genesis Collection, in Wolf Ranch, Georgetown, Texas. This ambitious project encompasses 100 homes, prices ranging from $450,000 to $600,000. It takes approximately three weeks to complete each home. These homes offer robust protection against water damage, […]
NAHB’s Multifamily Market Survey
The Multifamily Market Survey, conducted quarterly by NAHB, gauges conditions in multifamily production and rental occupancy through feedback from builders and property managers. In the second quarter of 2024, the Multifamily Production Index (MPI) registered at 44, while the Multifamily Occupancy Index (MOI) stood at 81. The MPI reflects builder and developer sentiment regarding current […]
