Construction

Industry Trends Report | Week of February 16

INDUSTRY NEWS

Mill Creek Announces Groundbreaking of Modera Allston

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by Paul Willis

Mill Creek Residential has broken ground on Modera Allston, a contemporary midrise community in Bostonโ€™s Lower Allston neighborhood. The development will feature 240 residential units ranging from studios to three-bedroom units, with first move-ins expected in early 2028. The community offers prime access to Harvardโ€™s Allston campus and includesย amenities such as a rooftop deck, coworking spaces and a fitness studio, catering to the growing demand in the area.

Read the article in The Multifamily Journal


NYC Takes Major Step Forward to Freeze Rents

by Anthony Russo

NYC has taken a major step toward implementing a rent freeze on stabilized apartments, with Mayor Zohran Mamdani appointing a majority to the Rent Guidelines Board. This move is part of a broader effort to address housing affordability. The freeze aims to provide immediate relief to residents but raises concerns about long-term impacts on housing supply.

Read the article in GlobeSt

Lawmakers Pitch Overhaul Of D.C.’s Housing Finance System

by Jon Banister

Lawmakers in Washington, D.C., are proposing to replace the cityโ€™s main affordable housing funding tool, the Housing Production Trust Fund, with a new $150 million fund. The proposed Housing Production Omnibus Act of 2026 seeks to modernize financing mechanisms to better meet the cityโ€™s housing needs and support new development projects.

Read the article in Bisnow


THOUGHT LEADERSHIP

The Value of Company Culture

by Savas Karas

A strong company culture in multifamily organizations is more than just a slogan; it is a critical factor in employee retention and operational efficiency. Positive corporate culture attracts potential employees and helps retain longtime associates, especially during challenging times. Building and sustaining a thriving culture requires time and persistence, but ultimately boosts happiness, performance and teamwork across the organization.

Read the article in Multi-Housing News


Mission: Mastering Reasonable Accommodations

by Fair Housing Instituteย 

Reasonable accommodations in rental housing are essential to ensuring equal access for people with disabilities. These accommodations may include changes to policies, practices or physical modifications that enable residents to use and enjoy their homes fully. Updated guidance from HUD emphasizes the importance of timely and fair processing of requests.

Read the article in Rental Housing Journal

Are Older Renters Driving Higher Renewal Rates?

by Leslie Shaver

Older Americans are increasingly choosing to rent rather than own homes, contributing to higher renewal rates. This demographic values the flexibility and reduced hassle of renting, often preferring larger floor plans that accommodate their needs. The trend reflects a broader shift in housing preferences among seniors, who are reshaping the rental market.

Read the article in Multifamily Dive


MULTIFAMILY TECHNOLOGY

Multifamilyโ€™s AI Moment Still in Early Innings, Bozzuto Says

by Christine Serlin

Multifamilyโ€™s adoption of artificial intelligence (AI) is still in its early stages, but it is rapidly transforming how operators serve residents and streamline operations. Industry leaders emphasize that AI should enhance human connection and community rather than replace it. Companies like Bozzuto are committed to integrating AI thoughtfully to improve service while maintaining trust and personal relationships.

Read the article in Multifamily Executive


The New Discovery Funnel: Finding Communities in 2026

by Tiffany De Alva

The renter discovery process in 2026 has evolved beyond a simple funnel to a complex, multi-platform journey. Renters now explore communities across several digital platforms before making decisions, requiring operators to optimize every touchpoint. Transparency, personalization and convenience are key to engaging prospects.

Read the article in Multifamily Insiders

Ringโ€™s Surveillance Backlash Is a Warning Shot for CRE

by Franco Faraudo

The backlash against Ringโ€™s surveillance technology following a controversial Super Bowl ad highlights growing privacy concerns in commercial real estate. Amazonโ€™s Ring canceled a partnership with a surveillance company after public outcry over privacy and surveillance issues. This incident serves as a cautionary tale for CRE owners.

Read the article in Propmodo

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