The multi-family housing market has seen tremendous growth in the past few years. “The multi-family industry is strong and producing more units than in previous cycles,” said National Association of Home Builders Chief Economist David Crowe. “We are forecasting that 358,000 units will be developed in 2015 and 361,000 units in 2016.” Now comprising 25 percent of all housing units constructed, multi family home construction is pacing faster than the growth of single-family homes according to Forbes. This is due to more millennials seeking to rent over buying and the boomer generation looking to downsize and move into low-maintenance housing. Boomers are looking for homes with luxurious finishes otherwise known as bistro living, as well as living in a community setting where their home is close to other friends, according to a recent Better Homes & Gardens real estate survey.
In addition to providing low-maintenance living, the most successful multi-family developments today offer plenty of amenities and inviting curb appeal at a competitive price. To set their developments apart from traditional condo complexes, many smart builders accent their structures with Foundry Specialty Siding. Adding a distinctive touch, Foundry Specialty Siding can be used strategically to highlight architectural elements of a building. Available in a variety of profiles meticulously designed to look like wood, stone and brick, Foundry offers the attractive appeal of traditional building materials with the low-maintenance technology of vinyl siding. Achieve the warm texture of wood shingle siding without any of the maintenance woes that wood brings. Moisture-resistant Foundry will never rot, warp, buckle or crack, unlike traditional wood siding. Available in more than 250 striking colors, Foundry can easily match other siding styles as well as provide a stunning contrast to your current siding.
Mid America Siding Accessories, which include shutters, window headers, door surrounds and gable vents, lend a sophisticated, polished look to any building complex, attracting more potential residents. Engineered for durability, efficiency and beauty, Mid America Siding accessories are available in a wide palette of industry-leading colors ensuring a fresh, modern look.
Homeowners and condo boards will be pleased with Mid America’s moisture- and insect-resistant construction, which equates to long-term savings on maintenance as well as an enduring curb appeal. To deliver coordinated finishing touches that add life to a home without adding a lot of maintenance, look into Foundry Specialty Siding and Mid-America Siding Accessories.