Development and Construction
U.S. senior housing occupancy increased for the second consecutive quarter and rose to 81.0 percent in the fourth quarter of 2021, a 1.0 percentage point increase from the third quarter and a 2.3 percentage point increase from a pandemic-related low of 78.7 percent in the second quarter, according to data from 31 metropolitan markets covered by the National Investment Center for Seniors Housing and Care.
According to RCLCO’s survey data, home sales in the 50 top-selling U.S. master-planned communities grew by a modest 5 percent compared to 2020, with a 14 percent decrease in sales during the second half of the year compared to the first.
Ada County, Idaho, can revitalize the 247-acre (100 ha) historic Expo Idaho site by preserving and expanding unique natural resources, celebrating the area’s agricultural heritage, and embracing complementary uses for the space, according to a report released by ULI. The report is based on recommendations from a panel of land use and resilience experts convened in June through the Institute’s Virtual Advisory Services Panel offering.
The Dodge Momentum Index fell 4 percent in November to 171.7, down from the revised October reading of 178.1. In November, U.S. commercial planning fell 8 percent while institutional planning moved 5 percent higher.
The ULI Europe Young Leaders Group, which currently includes over 1,100 members, is launching a new initiative looking at bridging the knowledge and innovation gap between the decarbonization goals set out by our industry/governmental leaders and the tools at our disposal to meet them. Several leading members recently hosted a roundtable discussion on this issue and provided a summary of the key takeaways and next steps to tackle this important issue.
Developers build single-story, single-family detached housing units in multifamily communities to rent at premiums over multistory projects.
Longtime ULI Trustee Jonathan F.P. Rose has been selected as the 2021 recipient of the ULI Prize for Visionaries in Urban Development. Rose recently spoke with Urban Land about his holistic approach to building communities of opportunity.
With more than a half a million people experiencing homelessness on any given night, the United States needs 6.8 million more affordable housing units, according to the National Low Income Housing Coalition. Speaking on the “Affordable Housing through Alternative Strategies” panel at the 2021 ULI Fall Meeting, Bryan Esenberg, managing deputy commissioner, Department of Housing, City of Chicago, said that there is a 120,000-affordable-unit gap just in Chicago and that at the current rate you likely cannot just build your way out of it.
A common phrase heard during the pandemic is that people cannot wait to get back to normal. “If there is anything that we know now, it is that normal just doesn’t work for far too many people,” said Julia Stasch, president of the John D. and Catherine T. MacArthur Foundation, moderator of a ULI Fall Meeting general session titled “Build Back Better: The Mandate and the Opportunity,” featuring Brookings Institution vice president and director Amy Liu, and founder and chairman of PSP Partners and former U.S. Secretary of Commerce in the Obama Administration Penny Pritzker.
Despite potential storm clouds ahead, survey results from the Emerging Trends in Real Estate ® United States and Canada 2022report show strong optimism.