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What will it take to rekindle the senior housing market?

Housing Wire

population shows that by 2030, the 80-plus population is expected to increase by 4 million people to a total of 18.8 More than 560,000 new units are needed to meet all the demand by 2030, but only 191,000 will be added at current development rates, according to data service NIC MAP. The projected aging of the U.S. million nationwide.

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Home Depot Foundation invests $10M to assist veterans with aging in place

Housing Wire

The goal is to help them avoid homelessness by funding affordable housing construction, home repairs and adaptations as well as giving out financial assistance. The new commitment furthers the foundation’s stated goal of reaching $750 million in investment activity.

Investing 370
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2025 Forecast: Digital Tools Every Construction Business Needs

GoForrmz

Stay competitive in 2025 with essential digital tools for construction businesses The construction industry is projected to reach a global market value of $14.4 trillion by 2030, driven by technological advancements and increased demand for infrastructure. Yet, despite this growth, up from $7.28

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AARP reveals proposals for national plan on aging

Housing Wire

population , and the trend that will see 20% of all Americans become at least the age of 65 by 2030. AARP , the interest group advocating for the wellbeing of older Americans, revealed in a policy paper this month its priorities for a national plan on aging that sufficiently recognizes the changing demographics of the U.S.

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Opinion: Pass the Neighborhood Homes Investment Act

Housing Wire

The cost gap also thwarts construction and development of modest homes, limiting the availability of affordable homes for first-time and first-generation homebuyers. Neighborhood Homes creates a tax credit that covers the gap between the cost of construction and a home’s sale price. average — creating much-needed comparable sales.

Investing 476
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DataDigest: The homebuilders are busy. But they’re not busy enough

Housing Wire

Currently there are 695,000 single-family units under construction, which is actually 136,000 units below the peak in May 2022. And there are currently 994,000 multifamily units under construction, the highest level since 1973. Single-family construction deliveries, meanwhile, will likely be more muted.

Business 370
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Top 5 Commercial Real Estate Trends in BC

D Fritz Appraisals

As the demand for more sustainable building construction grows in the industrial real estate sector, greener solutions like North Vancouver’s hydrogen liquefaction plant are becoming more common. High construction costs are affecting the supply on new builds and slowing down the release of new properties into the market.