Residential Building: Page 2

  • 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
  • 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
  • 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
  • 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
  • A large crane holds up a brightly lit metal "Christmas tree." The tree has the Superior Construction logo on it, and it's nighttime.
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    Permission granted by Thomas Labus - Superior Construction
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    Deadline extended for construction site Holiday Lights contest

    Enter by midnight Dec. 19 to show off your company’s holiday spirit in Construction Dive's annual competition.

    By • Updated Dec. 15, 2023
  • A tall, academic building is seen from street view.
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    Tim Pennington via Getty Images
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    Column // Help Wanted

    Virginia Tech wins $450K grant for modular workforce development

    A team focused on scaling offsite construction in Appalachia hopes it can rebuild both the workforce and affordable homes.

    By • Nov. 27, 2023
  • A render of a new building, covered in brown brick, amid a blue sky. People walk around it.
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    Retrieved from Colman Yards project site on November 22, 2023
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    ENC Construction starts work on $430M Illinois mixed-use project

    Developer J. Jeffers & Co. committed to only hiring contractors and labor in the state of Illinois, according to local media reports.

    By • Nov. 21, 2023
  • Aerial view of South Florida community
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    Shutterstock/Bilanol

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    Sponsored by American Global

    Insurance market update: Property coverage in South Florida

    While many are quick to blame the macro trend of inflation for property insurance increases, there are actual events with consequences inherent to the Florida market, that should be credited for the recent developments.

    By Max Lehman, Associate Broker American Global • Nov. 13, 2023
  • A rendering of a student housing exterior
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    Permission granted by WDG Architecture
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    Project Wins

    St. Louis contractor nabs Michigan student housing job

    Brinkmann Constructors will build the $99 million Verve Ann Arbor near the University of Michigan.

    By • Nov. 10, 2023
  • Construction workers talking
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    kali9 via Getty Images
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    8 tech tools to find, hire construction workers

    From well-known names to emerging sites, there are a lot of online options to help contractors make the perfect hire.

    By • Nov. 8, 2023
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    Spencer Platt via Getty Images
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    $3B in construction projects fuel downtown Detroit’s growth

    Large developments, including Newlab at Michigan Central and the renovation of the Book Building skyscraper, were recently completed in the Motor City.

    By • Nov. 7, 2023
  • A rendering of a 47-story tower as seen from above.
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    Retrieved from Lendlease on August 15, 2023
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    Google still reviewing options for Bay Area project

    After Lendlease said agreements to build four developments worth $15 billion were no longer mutually beneficial, the tech giant said it continues investigating ways to move forward.

    By • Updated Nov. 8, 2023
  • Render of a tall building with mass timber components standing high above the ground with open-air balconies and a rooftop communal area.
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    Courtesy of Solomon Cordwell Buenz
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    5 award-winning mass timber designs

    The proposals demonstrate innovation in the use of the sustainable material and shared in a prize pool worth $2.2 million.

    By • Nov. 3, 2023