Residential Building: Page 3
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Economic Reports
$12B LNG project props up construction starts in July
Higher interest rates, labor shortages and increased material prices continue to impact the sector, said Dodge Construction Network’s chief economist.
By Sebastian Obando • Aug. 17, 2023 -
‘It appears to be a total loss’: Wildfires devastate Lahaina’s infrastructure
Last week’s blaze took out power lines, roads and water systems in Maui, Hawaii, local officials say, but no major construction projects seem to have been affected.
By Julie Strupp • Aug. 15, 2023 -
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 -
Adaptive reuse pipeline rises to 122,000 units under construction
Despite strong incoming supply, office-to-multifamily completions in the sector have fallen since 2020.
By Mary Salmonsen • Aug. 10, 2023 -
Project Milestones
Clark tops out first of 3 towers at Washington, DC, apartment project
The Bethesda, Maryland-based contractor has finished concrete work on the $643 million first phase of The Stacks in the city’s Buzzard Point neighborhood.
By Zachary Phillips • Aug. 7, 2023 -
Economic Reports
Private projects stall even as public construction spending jumps
Although infrastructure dollars are flowing, “private developer-driven activity appears to be drying up,” said ABC’s chief economist.
By Sebastian Obando • Aug. 2, 2023 -
Economic Reports
Construction starts continue volatile ride, ‘up one month and down the next’
Choppy conditions will persist due to high interest rates and tightening lending standards, said Richard Branch, chief economist for Dodge Construction Network.
By Sebastian Obando • July 24, 2023 -
Rent growth drops to lowest non-pandemic rate since 2011
Asking rents are still on the rise, both for conventional multifamily and for single-family build-to-rent properties, according to a new report.
By Mary Salmonsen • July 21, 2023 -
4 of the biggest OSHA fines of Q2 2023
From April to June, the agency publicized four construction fines that eclipsed $100K in initial citation costs.
By Zachary Phillips • July 13, 2023 -
What architects want GCs to know
Design pros from across the country say they value close collaboration with their construction colleagues.
By Shelley D. Hutchins, LEED-AP • July 11, 2023 -
Opinion
What condo owners, developers can learn from the Surfside collapse
Overdue repairs on multifamily buildings are a recipe for disaster, writes construction risk management expert Don Neff.
By Don Neff • June 28, 2023 -
Readers Respond: Contractors call for industrywide air safety mandate
Construction Dive asked builders how they deal with toxic air quality and if government agencies should offer clearer guidance.
By Sebastian Obando • June 23, 2023 -
Economic Reports
Public projects surge, private starts falter
Commercial and apartment construction are feeling the weight of higher interest rates, tighter lending and lower demand, as jobs tied to public funding jumped, Dodge said.
By Sebastian Obando • June 21, 2023 -
Economic Reports
Construction prices fall for third straight month, but inflation persists
Despite pricing declines for some materials, megaprojects in progress across the country will keep the costs of key construction supplies elevated, an economist said.
By Sebastian Obando • June 15, 2023 -
Canadian wildfires prompt Northeast contractors to send workers home
Neither the Environmental Protection Agency nor OSHA have mandates on when outdoor work should cease due to hazardous air quality.
By Sebastian Obando • June 8, 2023 -
Single-family rental construction more active than ever
Social changes and high home prices are driving horizontal apartment demand.
By Mary Salmonsen • June 6, 2023 -
Economic Reports
‘What recession?’ Nearly all sectors see strong construction spending
Most nonresidential categories jumped in April, led by 8.6% growth in manufacturing construction.
By Sebastian Obando • June 1, 2023 -
Greystar launches attainable housing brand
With some built in the company’s newly opened modular factory, Ltd. by Greystar apartments will limit future rent increases for existing residents.
By Mary Salmonsen • May 31, 2023 -
Visionary apartment owner Sam Zell dies at 81
Multifamily leaders share memories of the real estate trailblazer known as “the grave dancer” for his ability to revive struggling properties.
By Leslie Shaver • May 19, 2023 -
Manufacturing starts, construction’s safety blanket, slump 68%
Despite the pullback, Dodge’s chief economist maintains underlying trends point to a “very healthy sector.”
By Sebastian Obando • May 18, 2023 -
Bank failures put squeeze on construction loans
The lending environment, which has grown more treacherous over recent weeks, could dampen new multifamily starts by as much as 60%, according to one executive.
By Leslie Shaver • May 9, 2023 -
The top 10 residential builders of 2023
Powerhouse names in single-family homes — including D.R. Horton at No. 1 — are pushing further into build to rent.
By Mary Salmonsen • May 4, 2023 -
Project Milestones
Gilbane completes convex-shaped mixed-use project in LA
With a lens-like design, the $125 million development will feature 10 levels of apartments and luxury amenities.
By Matthew Thibault • May 3, 2023 -
First state law banning gas in new buildings likely to pass in New York
Environmental and social justice advocates worry it will include a “poison pill” provision backed by the oil and gas industry.
By Ysabelle Kempe • May 1, 2023 -
Katerra factory buyer sees affordable housing uptick
Vaughan Buckley, CEO at Volumetric Building Companies, said amid widespread finance jitters, there is more funding stability in the sector due to government grants.
By Sebastian Obando • May 1, 2023 -
DOL: Pennsylvania subcontractor will pay $384K in back wages, penalties for violating H-2B rules
The agency said a swimming pool builder failed to pay H-2B workers at the required wage rate and for their travel to and from the worksite.
By Laurel Kalser • April 27, 2023