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Apartment Construction Projected to Reach Historic Highs in 2024

Appraisal Buzz

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.”

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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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8 Sustainability Trends Driving Commercial Real Estate for Earth Day

The Robert Weiler Company

Construction of new green buildings and green renovation or retrofit projects increase the asset value of buildings by upwards of 9%. The material and how it’s installed are critical to constructing a building and ensuring a tight building envelope. Waste Management A new construction project always results in a lot of waste.

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Expanding Supply, Easing Prices Bring Relief to King County Housing Market

Will Springer Realtor

home price forecasts into 2028.) The experts forecast a cumulative price increase of 20% for the five years through 2028, or an average of 4.0% New Construction In August, new home construction starts increased by 9.6%, according to KPMG’s latest research. Year-to-year, single-family prices were mostly higher, led by a 5.9%

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Eastside Light Rail Expansion Offers Hope for More Housing

Will Springer Realtor

Construction approval is reportedly expected in early 2026. The residential portion of the project may be completed in 2028. > A couple of blocks east is the site of John L. Scott Real Estate’s main HQ, which will be replaced with an 8-story, 350-unit apartment. > and 106 th Ave. The massive project, developed by B.C.-based

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Will Springer Realtor - Untitled Article

Will Springer Realtor

This trend has doubled since 2019, with built-to-rent homes making up 10% of new construction (8% in the PNW). Both major political parties offer solutions focusing on increasing housing construction. Adding to the pressure, many investors are shifting toward the growing build-to-rent market. housing supply increased by 1.6M

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WEIGHING SEATTLE’S FUTURE WITH FEWER OFFICES

Will Springer Realtor

Louis Sullivan, the so-called father of high-rise construction design, once said: “The skyscraper establishes the block, the block creates the street, and the street offers itself as a riverbed to the stream of life that flows through the city.” CONDO NEWS Graystone has formally completed construction on its residential tower.