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Compass strikes again with leadership changes in the Southeast

Housing Wire

The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. ” Nikol Solares Solares brings 20 years of experience in luxury development, new construction sales and marketing to her new role. Adam Vellano was promoted to managing director of the South Florida market.

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Construction tech startup Modulous raises $11.5 million

Housing Wire

Seattle and London-based construction technology company Modulous has raised $11.5 Main contributors to this round of funding included SFV , the venture arm of German real estate developer Patrizia ; Regal London , a U.K-based The post Construction tech startup Modulous raises $11.5 and Leela Capital (U.K.).

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DataDigest: What the latest data says about home prices, construction and sales

Housing Wire

Census Bureau and the Department of Housing and Urban Development. The region was responsible for almost 65% of the adjusted rate of home sales, up about 10 percentage points from the same month in 2018. The rate of homes under construction has roughly plateaued since April 2022. The figure – up 17.7%

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D.C., Chicago are top YIMBY cities for housing development

Housing Wire

metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ Pacaso said that these shortages have been exacerbated by various types of “municipal zoning and building ordinances [that] have historically restricted new housing construction.“ Other estimates are much higher. Washington, D.C.,

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Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

of existing supply, with another 38,000 of apartment units under construction (12.2% We believe rates (including financing rates) staying higher for longer will delay any rebound in construction activity in the near term,” he wrote. of existing supply) that will be delivered over the coming months,” Lawrence wrote.

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It’s unclear whether ADUs bring down housing costs: John Burns

Housing Wire

Construction of accessory dwelling units (ADUs) is taking off, but is it bringing down housing costs? A new report from John Burns Real Estate Consulting casts doubt on it, citing uneven geographic distribution of deregulations and the high cost of construction. As a result, the most impactful ADUs are in new construction.

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Single-Family Rents Climb to Record High

Appraisal Buzz

Right now, more multifamily units are hitting the market than at any time in the past 50 years, but detached homes arent seeing the same surge in construction, saidSkylar Olsen, Chief Economist at Zillow. For-sale inventory continues to recover, but is still 25% below pre-pandemic norms. annually, down from 5.2% in December 2019.

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