Residential Building

  • A rendering provides an aerial view of modern buildings and an entertainment venue.
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    Courtesy of SED Development, JMA Ventures, Machete Group.
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    $500M mixed-use project coming to downtown Orlando

    The development, adjacent to the Orlando Magic’s arena, includes a hotel, housing and an entertainment venue and is set to break ground this year.

    By • April 25, 2024
  • Wood-framed apartment complex under construction
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    Maudib via Getty Images
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    Apartment starts fall more than 43%

    Completions rose 4.6% as developers added more than 500,000 units in March.

    By Leslie Shaver • April 25, 2024
  • The Catalyst building is constructed from 4,000 cubic meters of locally sourced mass timber Explore the Trendline➔
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    Courtesy of Michael Green Architecture
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    Trendline

    Modular construction's advantages, challenges come to the fore

    Recent modular solutions offer commercial builders more benefits than ever for offsite projects, proponents say. 

    By Construction Dive staff
  • A rendering of a large building, covered in windows on the exterior, lit up at night.
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    Courtesy of Swinerton
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    Swinerton deploys tech on $98M North Carolina mixed-use mass timber build

    The builder attached 3D modeling devices on workers’ helmets to collect data for virtual twins, documentation, reference and planning.

    By • April 22, 2024
  • New apartment community with a pool in the foreground.
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    Permission granted by Summit Contracting Group
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    Q&A

    The country’s top apartment builder says higher prices are here to stay

    Summit Contracting Group’s Marc Padgett sees business picking up, but says that construction costs remain stubborn.

    By Leslie Shaver • April 22, 2024
  • The top of a tall glass building, with balconies.
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    Permission granted by Related Midwest
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    Project Milestones

    Related Group starts $500M tower on Chicago waterfront

    400 Lake Shore will replace the abandoned Chicago Spire project with two residential buildings and a new public park.

    By Mary Salmonsen • April 8, 2024
  • A series of tall office buildings.
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    franckreporter via Getty Images
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    Office real estate value likely to plunge 26% through 2025: Moody’s

    An above-average amount of commercial real estate debt will soon mature and property owners will need to refinance at the highest rates in years, Moody’s said.

    By Jim Tyson • March 25, 2024
  • A construction worker welds rebar
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    Panupong Piewkleng via Getty Images
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    Economic Reports

    Construction starts plunge 8% as Fed toes line on rates

    January’s manufacturing gains were wiped away as the prolonged impact of higher interest rates and labor issues caught up with the sector.

    By • March 21, 2024
  • A rendering of an apartment property.
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    Permission granted by Landmark Properties
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    Landmark breaks ground on 1,286 beds near University of Southern California

    The Standard at Los Angeles is the developer’s second student housing project in the city.

    By Mary Salmonsen • March 7, 2024
  • Construction framing of wood building.
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    ribeirorocha via Getty Images
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    Apartment starts fall 38%

    Developers completed 538,000 multifamily units during January, a 53.7% YOY jump.

    By Leslie Shaver • Feb. 27, 2024
  • Detail view of the US Capitol east facade in the early morning sun.
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    drnadig via Getty Images
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    Senators introduce bill to prevent use of algorithms to raise rent

    If passed, the legislation would make rent coordination a violation of the Sherman Act.

    By Mary Salmonsen • Feb. 9, 2024
  • an interior shot of a high end apartment lobby
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    Permission granted by Woods Capital
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    Q&A

    AP exec sees growth in office conversion market

    Adolfson & Peterson’s Will Pender says the firm is seeing a record demand for projects that transform vacant workspaces into housing.

    By • Jan. 22, 2024
  • Contractors in work vest oversee worksite
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    UnSplash / Joe Holland

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    Sponsored by Levine Builders

    Subsidized city and state projects present unique opportunity for New York M/WBE subcontractors

    Despite a construction slowdown, city and state efforts increase opportunities for M/WBEs.

    Jan. 22, 2024
  • JPMorgan Chase's New Headquarters On Park Ave. In Manhattan
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    Spencer Platt/Getty Images via Getty Images
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    New York’s Prompt Payment Act creates issues for contractors

    Recent amendments that limit the amount of retainage an owner can hold could lead to an accounting nightmare for construction firms, a real estate attorney said.

    By • Jan. 16, 2024
  • Crane and building under construction against blue sky
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    unkas_photo via Getty Images
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    Apartment starts drop 33%

    While multifamily developers struggle to get funding, single-family builders see a temporary resurgence.

    By Leslie Shaver • Jan. 3, 2024
  • Night time rendering shows four shiny glass towers, with the tallest one in the background, with a massive screen in the foreground.
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    Retrieved from AO Architects on December 22, 2023
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    Tallest building in US proposed for Oklahoma

    The skyscraper’s updated design aims for new heights, and is part of a bigger mixed-use development set to break ground in downtown Oklahoma City.

    By • Updated Jan. 24, 2024
  • Rendering of the $1.9 billion Children’s Hospital of Philadelphia Inpatient Tower.
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    Courtesy of Children’s Hospital of Philadelphia
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    Economic Reports

    High interest rates knock construction starts to 10-month low

    Following October’s staggering 32% drop, nonbuilding work fell another 2% in November, with the highway and bridge sector tumbling 8%, according to Dodge.

    By • Dec. 21, 2023
  • Office and residential skyscrapers against bright sun and clear blue sky.
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    ST-art via Getty Images
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    US regulators flag commercial real estate as a leading risk in 2024

    “Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.

    By Jim Tyson • Dec. 21, 2023
  • A building burns.
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    Permission granted by April Bohmer/Rowlett Fire Department
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    Fire damages apartments at $1B development underway in Texas

    An unoccupied multifamily building in the Sapphire Bay project in Rowlett, Texas, burned for over 24 hours Friday.

    By • Dec. 19, 2023
  • Workers wearing safety gear and hard hats use a large machine to work with cement mixtures in front of a brown, brick home.
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    Scott Olson via Getty Images
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    Illinois court asked: Are defects covered by general liability insurance?

    The ruling, passed down from the state’s supreme court, could affect which issues contractors choose to litigate with insurers across the country.

    By • Dec. 18, 2023
  • Renderings show tall glassy buildings
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    Hart Howerton

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    Hunt Realty plans $5B downtown Dallas redevelopment

    The proposed project will include a dozen new apartment buildings, a hotel, shops and offices next to the new convention center.

    By • Dec. 18, 2023
  • A building burns at night.
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    Retrieved from Aurora Fire Rescue.
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    Denver-area construction site fire destroys 5 multifamily units

    Aurora Fire Rescue is investigating the cause of the Thursday morning blaze.

    By • Dec. 15, 2023
  • A skeleton steel frame of an industrial construction project rises against the sky.
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    Funtay/iStock via Getty Images
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    Minneapolis Fed sees pain in residential, commercial construction

    A survey by the bank highlighted the divide between hard-hit private projects and booming industrial and infrastructure markets.

    By • Dec. 11, 2023
  • A rendering of a building with columns out front and a light colored stone. Students walk around and cars zip past.
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    Courtesy of McCarthy
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    Project Milestones

    McCarthy breaks ground on $285M California student housing project

    The development at UC Riverside will give community college students the experience of living on a four-year university campus.

    By • Dec. 11, 2023
  • Final Steel Beam Raised at JPMorgan Chase's New Global Headquarters at 270 Park Avenue
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    Courtesy of Max Touhey for JPMorgan Chase
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    Megaprojects drive up demand for steel

    Chip factories, battery plants and data centers require more steel than typical commercial construction, according to a new report.

    By • Dec. 5, 2023
  • An aerial view of construction crews working on a roof.
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    schwartstock via Getty Images
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    Florida bill would allow minors on roofing jobs

    The legislation, which would permit teens 16 and older to work on roofing projects, also expands recruitment efforts in the trades.

    By • Nov. 28, 2023