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is expected to set new records for apartment construction. Notably, by the end of December, the combined metro areas of Dallas and Austin are predicted to welcome about 10% of all newly constructed apartments countrywide. On the other hand, some markets are seeing a slowdown in new construction starts due to the economic environment.”
Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. The pending law is on the governor’s desk awaiting his signature. The home was constructed for olive-oil importer John Vittucci.
” The Treasury is allocating $100 million by 2027 to finance affordable housing in a new program administered by the Community Development Financial Institutions (CDFI) Fund. By law, they are required to devote at least 10%. Voluntarily, the FHLBs have already increased their commitment to 15%.
For example, zoning laws, an imperative for building new homes, are local administrative issues. In June, the Supreme Court overturned the 1984 Chevron precedent, meaning that courts can rely on their interpretation of ambiguous laws while reducing the power of federal agencies to interpret the laws they administer.
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