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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.”
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.
Hamilton also pointed out that the 2028 Summer Olympics will be held in Los Angeles, which he said is likely to further increase the pressure to rebuild quickly. It will likely cause prices to continue to rise, potentially even pricing out current residents.
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.
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%
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
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
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.
Barry constructed a scenario with inflation and the bond market that would allow rates under 6% in 2025. ” Five respondents said sub-6% rates wouldn’t be seen until 2028 or later Simonsen said this indicates that people are expecting elevated bond market rates through next year. Most were not expecting it in 2025.
Bessent now takes on the tasks of helping to develop the new administrations tax policies; enacting tariffs on Mexico, Canada and China; and constructing the administrations first budget. On Monday, the Senate voted to confirm Scott Bessent as President Trump’s pick to lead the U.S. Department of the Treasury.
home sales slumped for the second straight year, averaging 3.96M units transacted (excluding new construction) on a 12-month basis through October, up 2.9% The Pew Research Center estimates that immigrants make up more than a quarter of the construction workforce nationwide, and roughly half of that share is undocumented.
percentage points to the core personal consumption expenditures price index — the Fed’s preferred measure of inflation — in late 2027 and early 2028. If Republicans win Oxford Economics forecasts that if Donald Trump returns to the White House, it could add between 0.3 In response, the Fed would slow or pause rate cuts in 2026 and beyond.
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