RF Hosts 2nd Annual Better Housing Choices Executive Dinner

Addressing the Affordable Housing Shortage

 

Better Housing Choices Executive Industry Dinner

April 2023 | Dallas, TX – RealFoundations recently hosted its second annual Better Housing Choices Executive Industry Dinner for residential real estate industry leaders to discuss the challenges and potential solutions for addressing increased demands for affordable housing.

RealFoundations participated as a Supporting Sponsor of Zonda’s Builder Forecast: The Future of Build for Rent Conference, which explored supply and demand forecasts, current upward and downward trends across domestic real estate markets, potential headwinds for single-family and multifamily residential real estate, and other economic factors that are impacting this segment, both now and in the future.

RF invited real estate professionals from more than 40 firms to attend the private dinner. Guests included executives from real estate owners, developers, builders, architects, property management firms, capital providers, and engineers from across the housing industry. The dinner was held on March 27 in Dallas at the downtown Thompson Hotel.  

 

“RealFoundations recognizes the long-term value in gathering such a diverse group to lead the path toward creating better housing options for individuals and families. We are dedicated to helping solve the housing affordability crisis that the United States faces by working with our industry colleagues on build-to-own communities in desirable neighborhoods.”

— David Stanford, Co-Founder and Enterprise Managing Consultant, RealFoundations

Key Takeaways

1. The real estate industry is in a cycle of constant change

  • The real estate industry is inextricably intertwined with the general economy, and it is a sector in which trends are constantly changing. Global economic conditions such as rising inflation and interest rates continually impact the real estate market.
  • As a part of ongoing change, the build-for-rent sector continues to be intensely appealing due to challenges in housing affordability, changes in traditional household structures and priorities and shifting consumer demands. The strategies behind build-for-rent development, construction and ongoing management continue to vary widely in terms of approach, capitalization, partnerships and long-term vision.

2. Financing is yet another serious challenge for potential homebuyers

  • Financing a home today is intricate and complex. A fundamental reason that housing remains unaffordable is the chronic undersupply of properties, especially at affordable prices, in addition to the ongoing escalation in interest rates.
  • Additionally, many first-time home buyers may not be in a position to amass a down payment easily when they are also focused on raising a family, paying for vehicles and furniture, and paying for necessities such as health care, food and clothing.

3. Building to rent is the latest housing trend

  • RealFoundations serves every real estate vertical sector, whether it be multifamily, traditional for-sale home building, or single-family rental development and management. We recognize the convergence of all types of real estate firms that are seeking to address critical needs for affordable housing to rent. For example, traditional builders are now building for rent, single-family rental operators are now building homes, and the lines will continue to blur.
  • The build-for-rent industry has multi-billion dollar potential and could vastly improve the quality of housing and the experience of renters who are seeking a product that is more aligned with a traditional single-family home offering. This rapidly growing real estate industry sector and its leaders are committed to increasing affordable inventory while consumer demand continues to shift.

 

“Based on the connections made at last year’s dinner, I made two significant relationships with partners that have led to a number of strategic transactions that I would have likely not met. I wouldn’t miss the next one!”

— Chris Harris, Managing Director, Walker Dunlop

 

RealFoundations is Here to Help

Success requires a deep understanding of the current macro dynamics, trends in housing, market outlook and the connection to broader social impacts in order to structure a scalable operating platform that will address future needs and challenges.

RealFoundations has helped the largest developers, owners and operators in the multifamily, single-family rental and build-for-rent spaces design industry leading operating models that deliver optimal results. We are uniquely positioned to provide solutions that help our clients scale their businesses and achieve growth plans, now and in the future. We help our clients understand and evaluate the many challenges that accompany running a viable residential real estate business.

Connect with Us

To learn more about how RealFoundations can help you run real estate better, contact us by email or +1 214 292 7000.

 

About RealFoundations

RealFoundations (RF) is the world’s foremost professional services firm focused solely on the real estate industry. Through our delivery of Management Consulting and Managed Services, we help companies that develop, own, operate, service or invest in real estate make better, more profitable decisions. We are proud partners to over 500 real estate companies around the globe, providing accelerated solutions that solve some of real estate’s most complex challenges. We Make Real Estate Run Better.