Materials Remain Top Challenge for Builders, but Mega Supply Pro Can Help

Materials Remain Top Challenge for Builders, but Mega Supply Pro Can Help

Here we'd like to address the most pressing issues faced by builders and developers today – cost and access to quality building materials and finishes. With the real estate and multifamily markets saturated with competitive offers, it's important to not only finish the project, but to offer tenants a standard of living that will retain their loyalty and win over the competition.

Transforming Your Loft Apartment into a Home

Transforming Your Loft Apartment into a Home

Trend-right, versatile, and ideally suited to the urban environment, loft apartments tend to be diverse spaces. Although they typically enjoy more square footage than your garden-variety studio apartment, they similarly lack the walls and divisions that are closely associated with other apartment styles. The concept of the loft apartment was born in the metropolis — in many cities, property owners, city planners, architects, and designers decided to focus on reviving areas teeming with warehouses or office buildings that weren't in use or that could be transformed into traditional living spaces.

Effective New Materials and Techniques for Multifamily Construction

Effective New Materials and Techniques for Multifamily Construction

Multifamily construction projects are usually residential housing such as apartment complexes, townhomes, and other buildings where multiple families and occupants live side by side. They are large and typically feature many individual units stacked on top of each other, connected, and or arranged in tight-knit rows.

The construction of these buildings is different from regular homes in several ways and as such, requires unique materials and techniques to complete. In case you’re in charge of completing a multifamily construction project, let’s take a look at some of the best techniques and materials for you to use.

Insights on Healing the Real Estate Housing Shortage

t's a tough market out there if you're hoping to buy and sell at the same time. You may be able to make a lot of money when selling, but housing is in short supply and house prices are steadily increasing. No one can say for sure when the market will balance out, but you have to remember that this will not last forever. The real estate market is inherently cyclical, and follows a model comprising of four main phases: recovery, expansion, hyper supply, and recession. This implies that historically, there has never been a sustained expansion or hyper supply period without an eventual recession, followed by recovery.

Build Your Ideal Smart Kitchen

Build Your Ideal Smart Kitchen

The kitchen is no longer just a place for cooking—it’s a place for community and togetherness. With people spending more time in their kitchens, the smart home concept has become increasingly popular. Let’s take a look at some of the ways that people have been creatively upgrading their kitchens in the digital age.

One pro tip for building a smart kitchen is adding one device at a time to your home "ecosystem". You’ll want to make sure that each device is properly connected and communicating well with your other devices before throwing more devices into the mix. This will make it easier to troubleshoot and get any issues sorted out.

2021: Growing Construction Delays, Higher Costs in Multifamily Construction

2021: Growing Construction Delays, Higher Costs in Multifamily Construction

According to a survey of Multifamily Developers conducted in March of 2021 by the National Multifamily Housing Council, – a record 75% of the sector is experiencing major construction delays.

Of this group, 77% reported delays in permitting due to COVID-19, and a solid three quarters still reporting delayed starts one year into the pandemic. The main reasons cited for delays in starts were permitting, entitlement, and professional services (72%).

Covid-19 Effects on Real Estate Development - What to Expect in 2021

This report was put together by Mega Supply Pro Procurement Experts, and is intended to provide insight into the near future of the multi-housing/multi-family construction sector trends, primarily focusing on the East Coast. Methodology: we’ve designed and conducted our own surveys, collected statistics, analyzed internal and third party reports and articles regarding the recoverability of the Covid-19 pandemic, and its effects on the real estate and development markets.

These are the current trends that have been the focus of most development research. The hardest questions to answer are how much and for how long. We hope to offer you a little bit of insight with our following update based on surveys and results from our year over year study. We have attempted to maintain our focus on multi-housing development, but also to analyze the overall impact that has been sustained in other industrial segments.


Multifamily and Mixed Use Development Still Affected by Materials Deficit

In a recent survey, National Multifamily Housing Council found that from lumber and steel to electrical fixtures and plumbing, the supply chain in the US is nowhere near its pre-covid operation levels. Restrictions that are still in place for other industry sectors, such as permitting, zoning, professional services, international trade and logistics, are inhibiting the supply of materials, even though many of the developers are ready to continue working. Many, but not all, that is: the same study found that about half of real estate developers had to pause or delay work on their projects due to pandemic-related economic uncertainty, as well as access to financing for their construction projects.

Mega Supply Pro Has a Solution for Sourcing Building Materials During COVID Pandemic

It’s no secret that the U.S. construction industry is heavily dependent on building materials and finishes from foreign manufacturers, particularly Europe and China. Wuhan, the epicenter of the coronavirus outbreak, is a major hub for construction materials and supplies. While Chinese manufacturing plants are gradually reopening, the supply chain is rife with disruptions, and there is no clear timeline for when things might get back on schedule.

As the US economy levels out, developers will need fast access to the materials they need to get back to work. To accomplish this, the industry must upgrade from the old way of sourcing construction materials.

Apartments/Condo/Multifamily Year-End Marketing Checklist

As you probably know, Winter isn't the hottest season for multifamily property owners in terms of new customers. We're not going to analyze this in depth here, but let's just say people don't like moving when it's cold out, and school already started.

With the Covid pandemic severely limiting social activities, we thought we'd find a silver lining in this downtime, and find opportunities to invest minimal resources into future prosperity. Time is precious in the rental/multifamily industry, so we'd like ot help you make the most of it.

Year-End Summary - 2020

The year 2020 was like no other, and we want to right away address the giant tyrannosaurus in the room – Covid-19. We can all agree that's fair to say that no industry left untouched after the virus had ravaged the nation, and the world as a whole. Some changes came dynamically through people adjusting and adapting their lifestyles to the new reality, and other changes came through forced regulations, merits of which may be debated forever, but that's beyond our scope of expertise. What we do know, is that multifamily housing has been hit hard from all sides of the issue. From local governments suspending evictions, to implementing new sanitation procedures – no stone has been left unturned in lives of developers, property owners, investors, and tenants.

Stay Ahead of the Smart Home Curve

IoT market research firm Berg Insight analyzed the smart-home technology industry and found that as many as 63 million American homes will be considered "smart" by 2024, with current numbers hovering around 25%. That’s nearly half the housing market, and the implications for builders, developers, investors, etc. are immeasurable. Many of us will have to become experts in this fast evolving field.

To help you get a headstart on the subject we've put together 5 trends that we believe will define the smart home segment in the next several years, and beyond.

Introducing Mega Pro Talk!

Our first episode introduces the audience to Mega Supply Pro’s business model, its history, and puts our experience in the context of the market and industry.

The second episode is predictably focused on the effects of the Covid-19 pandemic on real estate development, and discusses ways in which the construction materials purchasing processes can adapt to the new environment.

More episodes are in the works, so please bookmark Mega Pro Talk and check back regularly. Each episode will be packed with tips and insider guidance on running a successful construction and development projects.

What Will Renters Want Now?

As a development and purchasing partner in a wide range of multi-housing projects, we at MEGA constantly find ourselves on a lookout for ways to make our products more desirable to tenants to increase retention rates and satisfaction with quality of living, as well as to lower turnover and increase demand for our builder and real estate partners. As the post-Covid era approaches, we expect a significant shift in renters' priorities that will greatly influence and drive the market. This shift will affect both property owners/developers and their clients, and will be based on new information titrated out of the pandemic-related research of the past several months. The changes will relate to social distancing, preventive strategies and reduction of the potential of infection transmission, and the seemingly inevitable spike in the number of employees working from their living quarters rather than commuting to work like in the good old pre-covid times.

Here we'd like to present you with several analysis points we've been working on identifying in order to prepare the developers and their investors for the inevitable shift in multifamily market dynamics.