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That’s a factor too of higher inventory.” 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. Year over year, apartment rents are down -7.5%
The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. months of inventory across all home types in King and 2.3
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.
Construction approval is reportedly expected in early 2026. The residential portion of the project may be completed in 2028. > However, it is safe to expect rents will initially decline as inventory blossoms. A couple of blocks east is the site of John L. and 106 th Ave. The massive project, developed by B.C.-based
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.
This year saw sharply expanding inventory, up 29% year-on-year nationally (through October; latest data) and 26% YoY across King County (November 2023-November 2024). 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%
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