March 24, 2016, 9:00 am

Zoned Comfort Solutions in a Limited Rental Market

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In predicting the trends of the housing market for 2016, the Washington Post expects that, “for renters, 2016 will be a difficult year.” Specifically, it focuses on millennials – who are driving builders toward multifamily projects and apartment buildings, but also of empty-nesters – baby boomers whose millennial children have moved out and who are now scaling back in retirement.

Having both millennials and boomers in the market has created an inverse relationship resulting in a dramatically reduced supply. The Washington Post also notes that “builders have been slow to increase construction of new single-family homes,” which limits that supply further. Instead, what seems to be happening, writes Time magazine, is that investors are buying larger homes foregone by empty-nesters and renovating them to become multifamily rental spaces.

Though millennials will still have to delay becoming homeowners, the benefit is an exponential increase in rental space for all. For the building industry, the expansion of single-family homes into multifamily apartments means a need for energy-efficient, sustainable cooling and heating options. Installing zoned comfort solutions gives each family in these developments individual, personalized zones. This means that for renters who have limited options, more cost-efficient rental spaces are opening up.

House vector. People vector. Infographic vector designed by Freepik. Graphics have been edited.

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