Downtown Seattle development hit record high in 2016

The $4.4 billion in investment last year was nearly four times the figure recorded in 2010, according to a report from the Downtown Seattle Association.

By Sean Barry • March 14, 2017

Report: More older adults are living in multigenerational homes

Builders and remodelers are responding to this growth with new or upgraded housing options to assist residents with aging in place and mobility needs.

By Sean Barry • March 14, 2017

NYC to convert Harlem bus depot to affordable housing project

The development will include up to 730 units to help alleviate the city's low-income housing shortage as well as a memorial for the historic African Burial Ground.

By Sean Barry • March 14, 2017

Report: San Diego soccer development could generate $2.8B annual economic boon

The proposed $2.5 billion SoccerCity complex would take the place of Qualcomm Stadium, the former home of the Chargers.

By Kim Slowey • March 14, 2017

38 states add construction jobs in January as firms fight to keep up with demand

Florida added the highest number of jobs for the month, while California saw the steepest decline.

By Kim Slowey • March 14, 2017

Excess apartment stock drives rents down in top US markets

Rent growth is slowing in some of the country's biggest cities as more inventory comes online, particularly in the luxury segment, according to Zumper.

By Hallie Busta • March 13, 2017

Los Angeles residential development surged in 2016

Construction activity there posted a strong year as developers raced to submit proposals before the Measure S vote — and it's showing no sign of slowing.  

By Mary Tyler March • March 13, 2017

Report: NYC union construction workforce more diverse, higher-earning than nonunion

Nonunion groups disputed the findings of the report, which was released as the city considers a controversial proposal requiring apprenticeships for certain work.

By Kim Slowey • March 13, 2017

Lightstone snags $305M construction loan for NYC residential tower

Meanwhile, funding for multifamily projects is getting harder to come by as the market in New York and other major U.S. cities responds to an oversupply of units.

By Hallie Busta • March 13, 2017

More millennials take up tech for home search, purchase

Although younger buyers are more likely to use online tools to start their mortgage application, one in three finish the process in person.

By Hallie Busta • March 13, 2017

Construction employment surges to 10-year high in February

The nonresidential sector contributed two-thirds of the 58,000 total industry jobs created last month.

By Mary Tyler March • March 10, 2017

It's a (home) buyer's market in some — but not all — US cities

Purchasing a home is more favorable than renting in 15 of 23 metros, according to an index kept by Florida Atlantic University and Florida International University.

By Hallie Busta • March 10, 2017

'Flipped' homes get older, smaller as recovery continues

Flipping homes can be good business for remodelers, many of whom relied on the practice during the downturn to bolster their income streams.

By Hallie Busta • March 10, 2017

WI I-39 project more than doubles in cost, nears $2B

Officials are considering tapping into the state's general fund as a way to finance road construction in the short-term.

By Kim Slowey • March 9, 2017

Housing shortage most acute for low-income families

Every state and metro in the U.S. is under-supplied, with Las Vegas, Los Angeles and Houston among the cities faring the worst, according to a new report.

By Sean Barry • March 9, 2017

Hudson Companies' 36-story condo tower set to rise in Brooklyn, NY

The new high-rise comes as the borough experiences a surge in construction activity amid an influx of high-earning residents.

By Hallie Busta • March 9, 2017

Report: US airports need $100B investment over 5-year period

Proponents of more spending on airport infrastructure say lawmakers should raise the cap on how much airlines can add on to passenger tickets for improvements.

By Kim Slowey • March 8, 2017

NJ weighs first-time buyer savings account

Such programs aim to help new buyers overcome one of the biggest hurdles to homeownership: affording the down payment.

By Hallie Busta • March 8, 2017

NAHB: Remodelers' margins widen as recovery continues

As residential repair and remodeling spending hits record highs, companies in the sector are posting marginal improvements in profitability, according to a new report.

By Mary Tyler March • March 8, 2017

Generation X homebuying picks up while student debt remains a drag

A report from the National Association of Realtors joins data from Zillow and WalletHub to highlight pain points and major shifts in the homebuying market.

By Hallie Busta • March 8, 2017

Dodge Momentum Index rises 1.6% in February on institutional strength

A measure of future spending, the index posted gains for the fifth-straight month despite continued contraction in the commercial sector.

By Kim Slowey • March 8, 2017

CoreLogic: Home prices moderate slightly but continue upward trend in January

The slight decrease in the rate of home-price appreciation could signal the start of a slowdown in growth this year predicted by economists.

By Hallie Busta • March 7, 2017

NYC is the world's most expensive city for construction

Construction costs in the Big Apple are 50% higher than in the average U.S. metro as real estate and skilled-labor availability remain tight, Arcadis reports.

By Kim Slowey • March 7, 2017

Millennial mortgages on the rise as share of FHA loans ticks up

The government-backed loans offer smaller payments and can accommodate lower credit scores as compared to conventional mortgage loans.

By Sean Barry • March 7, 2017

Construction execs positive on 2017 nonresidential activity

A measure of optimism among industry leaders tracked by Wells Fargo Equipment Finance reached its highest level in two decades.

By Kim Slowey • March 7, 2017