New Construction - Real Estate, Updates, News & Tips

Multifamily Housing Starts and Permitting Activity Drop 10% Year-Over-Year

Permits for multifamily development dropped in 70% of metros in 2023, according to Point2’s annual Housing Construction Report.The past year saw over 1.4 million new homes added to the national housing inventory. Despite the 4% growth in units compared to 2022, both the number of new homes under construction and the number of permits dropped year-over-year (YOY).Permitting for new housing has declined for the second year in a row—down 11

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New-Home Sales Show Promise With 1.8% Annual Growth

New-home sales increased 1.8% to a seasonally adjusted annual rate of 661,000. Economists say the report, alongside improved builder sentiment, shows promise for a robust springNew-home sales improved across the board in January, according to the U.S. Census Bureau and the Department of Housing and Urban Development on Monday.New-home sales, which include when a homebuyer makes a deposit or signs a sales agreement, increased 1.8 percent year

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Real Estate and Design Trends to Watch in 2024

From ecosystem conservation to “new” darker neutrals in exterior paint, we look at the trends set to take hold in the industry this year.Staying abreast of what’s new and innovative in design and real estate is important, not to be trendy but to learn about innovative materials, systems and products to live more sustainably and benefit the planet. Also, new uses for rooms can maximize square footage and our surroundings to add joy to our li

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Office-To-Apartment Conversions in Major Cities Quadruple in 4 Years

The number of apartment spaces being created in office buildings across major cities this year has risen to over 55,000, four times higher than the 12,100 under conversion in 2021, according to a new report.The 55,339 office-to-apartment makeovers scheduled for this year mark a record high, according to the RentCafe report released Monday. The report cites surging demand for residential space and nearly $150B in office

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Housing Starts Fall in December as Builders Scale Back on Single-Family Homes

Housing starts fell to 1.46 million The numbers: Construction of new homes fell 4.3% in December, as home builders scaled back new projects.So-called housing starts fell to a 1.46 million annual pace from 1.53 million in November, the government said Thursday. That’s how many houses would be built over an entire year if construction took place at the same rate every month as it did in December.Housing starts are down for the first time in

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How this Florida Legislation Could Lead to More Sustainable Housing

Attorney and new Inman Contributor Rachel Streitfeld examines how changes to Florida's zoning laws could free up vast tracts of land for high-density new home construction The affordable housing landscape in Florida is poised for major changes, thanks to the Live Local Act. Also known as SB-102, this revolutionary piece of legislation is set to encourage the creation of much-needed affordable and workforce housing in a state that h

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Can a Big Village Full of Tiny Homes Ease Homelessness in Austin?

One of the nation’s largest experiments in affordable housing to address chronic homelessness is taking shape outside the city limits.On the outskirts of Austin, Texas, what began as a fringe experiment has quickly become central to the city’s efforts to reduce homelessness. To Justin Tyler Jr., it is home.Mr. Tyler, 41, lives in Community First! Village, which aims to be a model of permanent affordable housing for people who are chronically

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5 Commercial Real Estate Design Trends to Watch in 2024

Wellness, adaptable space and innovation are at the top of the list of one architecture firm’s predictions for popular commercial features in the new year.The looks of offices and buildings are changing in a post-pandemic world. Wellness has become a buzzword in the commercial space as more companies plan to prioritize amenities geared toward health and convenience in the workplace. The hope is that this trend will help bring more employees bac

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Real Estate Investing in 2023-24

Rent began to reverse, office vacancy remained near record highs, banks failed and lending got tricky in 2023. Where are we headed next?Investors knew they were in for a roller coaster ride in 2023. What they still don’t know is where the ride is heading next.Pandemic-era highs for virtually all sectors of real estate led to uncertainty in markets across the U.S. Rent began to reverse, office vacancy remained near record highs, banks

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These Green Building Materials will Create a More Sustainable Future

Forget concrete and steel. According to CEO and investment expert Avi Philipson, the future of building is greener and more sustainable and fueled by surprisingly traditional materials In the quest for a greener and more sustainable future, architects and developers are turning away from traditional materials like concrete and steel and looking towards innovative and eco-friendly alternatives.With a growing concern about the environment

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