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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. For the third consecutive year, the U.S. This is according to a new study from RentCaf e.

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

Housing Wire

But the narrative is more complex in niche markets like the Texas capital of Austin. Social media posts have fueled speculation that Austin’s rental market is in freefall. Gerli told HousingWire in an emailed response that normalizing market conditions would be indicated by a slow and gradual decline in rents.

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

Will Springer Realtor

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Yes, there are signs of greater real estate activity in Seattle/King County since the Fed trimmed its short-term rate by a half-percent, but Americans are not swarming the market in a purchasing frenzy. We now see 2.7

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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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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. > Those plans, however, will reportedly remain on hold until market conditions improve for development. A couple of blocks east is the site of John L. and 106 th Ave. meets 100 th Ave.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Adding to the pressure, many investors are shifting toward the growing build-to-rent market. 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. 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.” Mortgage rates have persistently hovered around 7%, taking their toll on the market.