The new legislation offers construction a sustained capital infusion over the next five to seven years that will provide longer-term opportunities for growth, while helping to shore up America’s aging infrastructure. … READ MORE >
Real estate
Chart of the day: Home affordability continues to drop
Strong homebuyer demand and limited housing supply have continued to push median sales prices for existing single-family homes higher across the United States. … READ MORE >
Multi-family dwellings drive Canada building permit value up 8.2%
The value of building permits in Canada grew to CA$10.14 billion in September, an 8.2% increase compared to August, driven by the increasing value of multi-family residential permits, according to data released by Statistics Canada on Tuesday. … READ MORE >
iBuyers, offering convenience at a price, disrupt home sale market
A new breed of real estate technology companies is seeking to make buying and selling a home easier. They are known as iBuyers, and their goal is nothing less than to change the way people buy and sell homes. … READ MORE >
Existing home sales rebounded in September to highest level since February
The sales number was an upside surprise to earlier estimates of 6.1 million units, pointing to a stronger-than-expected housing market last month. … READ MORE >
Lessons from the American Dream mega-mall
The tortured history of American Dream is a lesson in how ambitious plans with the best of intentions can go awry. … READ MORE >
Chart of the day: Sales of existing homes drop amid high prices
Existing home sales in August inched down 2.0% to 5.88 million, following an upwardly revised 6.00 million in July. … READ MORE >
What the U.S. government’s openness to remote work means for contractors and real estate
The first flexible coworking services contract is a major signal that government contractors will be serving a more dispersed, flexible customer in the future. This is great news for contractors who are battling for talent in a tight labor market and looking for continued return on their recent IT remote work investments. … READ MORE >
Rising rental market is tied to limited supply, not affordability
Higher home prices in the United States are not fueling the rental market, despite media reports to the contrary. Instead, would-be buyers are seeking rentals due to the limited supply of homes for sale in what is expected to remain a hot market throughout the remainder of this year. … READ MORE >
The distressed real estate market that hasn’t materialized
A year into the pandemic-induced recession, property values have not only defied expectations of a drop, they have moved higher. The Commercial Property Price Index (CPPI) from Real Capital Analytics has increased almost 7% over the last 12 months. … READ MORE >