NAHB Announces 2006 Pillars of the Industry Finali

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NAHB Announces 2006 Pillars of the Industry Finali
Washington, DC, February 8, 2006 - The National Association of Home Builders (NAHB) today announced the finalists for its 2006 Pillars of the Industry Awards, which honor superior achievement in apartment and condominium development, design, marketing, and management. Coveted as the industry’s most prestigious awards, the Pillars are considered a showcase of innovation and future trends. “These finalists all have a great deal to be proud of,” remarked Leonard Wood, chairman of NAHB’s Multifamily Leadership Board and managing director of Atlanta-based Wood Partners. “This year’s Pillars program proves once again that today’s multifamily communities are better than ever and offer a wide variety of great lifestyle choices to residents.” Finalists were named in 29 categories, including Freddie Mac’s Multifamily Development Firm of the Year and Property Management Company of the Year. Wood said this year’s competition saw a huge jump in the number of entries in the “Best Affordable Rental Apartment” category, reflecting the growing need for workforce housing, especially in high-cost neighborhoods. “This category really shows how tremendously innovative today’s multifamily developers have to be to provide high-quality apartment living at affordable prices, in an era of rapidly escalating land and construction costs,” Wood said. Another notable trend arising from this year’s awards stems from the opposite end of the spectrum, with several for-sale projects making the list of finalists. This can be seen as a direct influence of urban-area condos attracting everyone from aging baby boomers to young professionals who want a low-maintenance, full-service lifestyle. Winners will be announced at a gala ceremony held in conjunction with NAHB Multifamily’s Pillars of the Industry Conference, April 4, 2006, at the Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch, in Scottsdale, Ariz. NAHB will also present the Freddie Mac/Pillars of the Industry Award for “Multifamily Community of the Year,” selected from among the winners in the builder award categories.