Category: Development

Most Developers Facing Construction Delays: NMHC

Suraj ShresthaSuraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.

The Growing Cost of Capital for Multifamily Development

Suraj ShresthaSuraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.

Homebuilders growing very concerned about affordability

Still, builder confidence increased for second month in a row Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report released on Monday. The report is based on […]

4 ways parking garages are prepping for fewer cars

Developers are planning for a high-tech future that requires greater flexibility The rise of ride-hailing, autonomous vehicles, and micro-mobility devices such as electric scooters are set to lower rates of car ownership among younger generations. This, alongside increasing electric vehicle ownership, has building owners and architects thinking about parking garages and how they will need […]

Homebuyers aren’t seeing savings from falling lumber prices – here’s why

Lumber prices hit a record high on May 7, at $1,670.50 per thousand board feet on a closing basis. The price of lumber on the futures market has given up all of its gains for this year, falling by more than 50% in just the last few months. Homebuilders, homebuyers and homeowners looking to remodel, […]

Top 10 Markets for Construction Activity

The metros on the list account for 39 percent of the nation’s total pipeline, according to Yardi Matrix data. Despite volatile market conditions in the past year, the multifamily sector remained a solid performer, with continued rent growth and steady development activity across the country. While developers experienced some construction delays due to the lack […]

5 Reforms for Cities to Increase Affordability

Salim Furth, senior research fellow at Mercatus Center at George Mason University, discusses barriers to building more affordable communities and highlights a few easy-to-implement solutions to alleviate housing affordability issues. When the pandemic hit, the U.S. was already going through a major affordability crisis. The rising cost of living and continuously growing income disparity have […]

Apartment Developers Scout Adaptive Reuse Possibilities

That math will become easier for developers if more distressed properties become available at a steep discount. It’s too soon for most developers to sign a contract to buy a failed hotel—but apartment developers are watching and waiting for prices to drop to buy other property types damaged by the economic crisis to redevelop into […]

Homebuilder sentiment posts biggest monthly surge ever, a sign housing is rebounding from coronavirus

Builder sentiment jumped a striking 21 points in June to 58, the largest monthly increase ever in the National Association of Home Builders/Wells Fargo Housing Market Index. A faster-than-expected turnaround in homebuyer demand, following a sharp drop-off at the start of the coronavirus pandemic, has the nation’s homebuilders bullish on their business again. Builder sentiment […]

COVID-19 Creates New Barriers for Developers

The outlook for construction and development has been thrown into deep uncertainty by the COVID-19 pandemic. The economic disruption due to the extensive social distancing measures being taken nationwide in response to COVID-19 has been severe. That’s including bringing a halt to some construction projects already in progress as well as delaying ones that further […]

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