Remove Construction Remove Development Remove Transportation
article thumbnail

DataDigest: Construction costs easing for homebuilders

Housing Wire

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.

article thumbnail

Boston suburb works to comply with new state multifamily construction law

Housing Wire

The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. Some apartments have been constructed in recent years, but the construction level has been low.

Law 344
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Boston suburb’s housing battle with state echoes national issues

Housing Wire

As localities across the country wrestle with housing shortages, one Massachusetts town will make its case to a panel of judges next week to argue against a plan that requires the construction of more multifamily units, according to reporting by USA Today and state records reviewed by HousingWire. This is not a subtle tool.”

Law 405
article thumbnail

Building towards 2050: Ensuring affordable housing in an urbanized America

Housing Wire

However, increased density presents challenges, such as the need for adequate infrastructure, transportation, and public services. For example, inclusionary zoning policies require developers to include a certain percentage of affordable units in new residential developments.

article thumbnail

HUD details funding, policy support for green homes and climate resilience

Housing Wire

Department of Housing and Urban Development (HUD) on Thursday detailed a series of actions and initiatives it has undertaken to bolster climate resiliency while supporting green housing initiatives that stem from Inflation Reduction Act funding and recently announced plans to combat the effects of extreme heat.

article thumbnail

Which Markets Are the Nation’s Renters Targeting?

Appraisal Buzz

In addition, mixed-use developments are bringing in new apartments, retail, and public spaces, while older buildings are being converted to residential spaces through adaptive reuse projects. Washington, D.C. Washington, D.C.

Marketing 397
article thumbnail

Snapshot: Q1 Commercial Mortgage Delinquencies

Appraisal Buzz

million square feet of office was under-construction as of April, representing 1.2% The office under-construction pipeline has shrunk by more than 50% in the past 18 months, as buildings have been completed and starts have slowed to a crawl. According to the post, nationwide, 83.7 Topping the vacancy list The Western U.S.

Mortgage 170