Construction is common in the Dallas-Fort Worth (DFW) metropolitan area in Texas, including the growth of multifamily home projects. Multifamily unit construction typically requires affordable interior solutions and suppliers of cabinets and granite countertops to help families achieve their goals in home design. Here is what’s driving DFW’s multifamily construction growth:
Strong Economic Growth
Strong economic growth is a key factor driving the construction of multifamily homes in DFW. The metropolitan area has been subject to significant economic growth, according to city and county data. A strong job market in DFW significantly impacts the housing market, allowing more families to invest in multifamily construction projects. The strong job market also helps lower occupancy rates in multifamily homes, providing more housing opportunities for those moving to DFW. Affordable real estate prices and a strong economy in the state continue to attract families and multifamily construction growth.
Stable Home Prices
The housing affordability crisis impacts people’s ability to live in single-family homes, but Dallas home prices are typically significantly lower than the costs associated with cities such as San Francisco or New York. City data shows that median sales prices in the DFW metropolitan area increased at a lower rate than in other urban areas. This indicates a relatively stable market for multifamily construction, which attracts developers, investors, and construction suppliers.
Allied Interior Solutions provides cabinets, countertops, sinks, and decorative hardware for new multifamily builds and renovation projects. Granite countertops are often a preferred material choice for multifamily construction projects due to their timeless appearance and durability. Our extensive material selection and design services can accommodate various project needs. The multifamily market in DFW is adapting to changing dynamics as people explore new housing solutions to address factors like a hard-to-enter housing market, population changes, and increased rental property investments.
Population Surge
The population grows as people continue to move into the suburbs of the DFW metropolitan area. Suburban areas in DFW, such as Frisco, North Fort Worth, Allen, and McKinney, are facing heightened demand due to notable population growth in those areas. Strong demand for rental housing and multifamily units abounds as many families struggle to afford single-family homes in today’s economy. The DFW metropolitan area continually reports population increases, with a growth trend spreading to the suburbs. Population growth usually increases the demand for housing, including multifamily units. It provides a fertile area for individuals investing in housing development.
Turnkey Construction Services
Multifamily unit construction is growing amid the availability of turnkey services. Turnkey construction is when a contractor handles everything from design and construction to commissioning and delivering a fully functional product to the owner. Allied Interior Solutions is one of the first companies in the U.S. to supply turnkey porcelain countertops for multifamily units. We use updated construction specifications that our competitors do not use, providing a higher quality product. Material abundance, such as stone and wood for countertops and cabinets, helps turnkey services minimize supply chain delays. This also contributes to a more substantial housing market.
Find Granite Countertops for Multifamily Construction
Multifamily home construction requires specific cabinet and countertop solutions that accommodate that housing type. Rising demand in the DFW also calls for sink and hardware suppliers. Based in DeSoto, Texas, Allied Interior Solutions provides cabinets, countertops, and other features for multifamily units. As the demand for multifamily homes increases, so does the need for interior solutions. Our dedicated team can offer service, support, and turnkey solutions for multifamily construction projects. All of our cabinet products are manufactured in the U.S. Book a consultation with our team to learn more about multifamily construction products and where to source materials for granite countertops.