The residential construction industry won’t magically start making huge amounts of affordable single-family homes any more than the latest generation of first-time purchasers will automatically buy them. The answer might be to build new communities.
Demographics are changing. People are less willing to settle down in an urban sprawl of single-family homes where you have to get into your car to get milk. That was 30 years ago.
Studies have shown that more and more people (particularly millennials) are looking to have the best of both worlds when it comes to housing: a peaceful residential community in which you can also go shopping, have access to a host of other amenities and ideally work in, too. Businesses embedded in these new communities have the advantage of a built-in customer base, as well.
City centers have such communities but they are already full. Time to make more.
Building more densely populated, and multifaceted communities is logical. After all, populations are growing. but it is also important to create pleasant places to live.
This is an area that shows long-term promise for the construction industry.
Opportunity for construction
These encapsulated communities are an opportunity for construction companies to create value for investors and diversify their own portfolio with residential and light commercial construction.
But builders’ plans must be efficient. For example, a multiuse construction can be designed to suit inhabitants’ different levels of income, and can be a combination of purchased and rented housing. The combination of residential and commercial vocations can also be cost efficient as they share utilities in a compact location.
Materials that create value for new communities
The materials used should also create value. Engineered wood is one such material. Since it’s introduction in the 1970’s engineered wood has driven down pricing and improved wood framing performance. Because of its composition, it has a superior strength to weight ratio than dimensional lumber.
Not all engineered wood is the same, however. An innovative approach is necessary for its manufacturing to ensure its popularity as a building material well into the future. This will require a combination of competitive pricing, flexible design and great precision.
With its fully automated production, TRIFORCE® is an ideal material. TRIFORCE® floor systems are ideal for both residential and light commercial projects. They can easily accommodate and conceal plumbing, electricals, and HVAC to maximize space and reduce installation time and labor costs. Their open glued finger-joint design reduces the risk of damage to wiring and ducts. They are light, easily maneuverable and adjustable on site. Ideal for new communities
In an industry landscape where there is an increasing need for integrated urban planning, TRIFORCE® open joist Brings value to the table.