By: Lancaster Pollard
Published: April 7, 2017
In January of 2017, Lancaster Pollard sent an online survey to approximately 2,400 leaders in affordable and multifamily housing throughout the U.S. Over the course of two weeks, 243 respondents completed the online survey. The survey has a 95% confidence level and a confidence interval of 6.26, meaning that the differences in responses of 7 percentage points or more are meaningful.
Out of the 243 respondents, a total of 73% were either for-profit or nonprofit developers/owners, an increase from the 67% that were either for-profit or nonprofit developers/owners in our 2016 survey. Job titles were evenly distributed with no meaningful difference between the top four descriptors. Forty-five percent of respondents own, manage or lease 500 or more affordable housing units.
Overall, our survey findings depict an active environment where a variety of capital projects are being pursued, particularly affordable multifamily housing new construction and substantial renovation projects. A majority of respondents (76%) own, develop or manage affordable multifamily or seniors apartments so the results are more representative of affordable housing than market-rate housing. Some of the more notable findings are discussed here.