Wearable technology, driverless cars, and the sharing economy are challenging the real estate industry to design cities with alternative buildings and services to keep pace with changing lifestyles, a leading design consultant said at the ULI’s Real Estate Trends conference in London.
Residential rents are at the crisis level, according to real estate economists who addressed a gathering of the National Association of Real Estate Editors in Miami last week. In addition to crowding out renters’ other budget items, including necessities such as dental care, the ongoing lack of affordability is hindering the market for home purchases.
This year, real estate investment trusts (REITs) have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That is more than they raised during the previous five years. The low rates have allowed REITs to issue ten-year bonds with coupons as low as 2.75 percent. Plus, interest rate survey results from Trepp.
U.S. homeownership rates continue to slide, single-family construction remains near historic lows, and existing-home sales have slowed, according to Harvard’s State of the Nation’s Housing 2015 report.
The ULI Terwilliger Center for Housing has announced the finalists of this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award competition, a program that honors developments that ensure housing affordability for people with a range of incomes. The winners will be announced later this year during a general session at the 2015 ULI Fall Meeting in San Francisco.
Embracing “good” density should be a priority for cities, according to Density: Drivers, Dividends, and Debates, a new ULI report. Written by Greg Clark, ULI Europe senior fellow, and Emily Moir, director of the Business of Cities Ltd., the report argues that well-managed and well-serviced densification is the best strategy for contending with growing populations in cities.
Large homebuilders—and small-scale specialists—are coming up with ways to increase the supply of affordable and versatile accessory dwellings.
Railtown chronicles the latest chapter in the Los Angeles saga—the city’s transition from a smoggy, car-loving, freeway-dominated megacity to an emerging cluster of walkable urban centers linked by public transit, including light and heavy rail as well as buses.
Investors are cautiously optimistic about investment and development prospects in the Chinese Mainland’s Tier 1 and leading Tier 2 cities, as well as those located in economically prosperous coastal regions, as demand for new housing and office space rises with the country’s burgeoning high-tech industry and the expansion of high-speed rail lines and subway infrastructure, according to Chinese Mainland Real Estate Markets 2015, released by the Urban Land Institute.
On top of offering energy-efficient lighting, LED systems can collect and transmit data on their environment-and the people in it.