Framing lumber prices could be approaching the highs of the housing bubble by next spring, according to data from the National Association of Home Builders. Random Lengths prices are up 22 percent from a year ago, and CME futures are up about 19 percent year-over-year.Read More
National rents have barely moved through the entire peak rental season and into September, according to data from Yardi Matrix, marking the longest period of stagnation in recent history—four consecutive months. Coming in at $1,354 for the month of September, the average rent is only 2.2 percent higher than this time last year.Read More
East Los Angeles is shaping up to be one of the unlikely centers of southern California’s emerging bioscience industry. Bioscience has long had a presence in Los Angeles, given its collection of leading medical centers and universities.Read More
According to a new report from CBRE, investment in the U.S. data center sector reached record levels in the first half of 2017. First half of 2017 investment totaled $18.2 billion, more than double that for all of 2016 (inclusive of all single asset, portfolio and entity-level/M&A transactions). At this pace, investment in the data center sector is on track to surpass the total for the three previous years combined.Read More
The lack of affordable housing for the growing senior population in the United States is a looming crisis and deserves more attention and resources from both the private sector and government, according to a leading advocate for aging issues. But affordable senior housing can become a platform for integrating services for low-income seniors and be an economic driver in communities by more efficiently delivering health care and other long-term support.
Backing sympathetic elected officials, focusing on the human impacts of the housing shortage, and mobilizing nonvocal supporters for new projects are all effective ways to overcome NIMBY-ism over affordable housing projects, a panel of advocates said during the ULI Housing Opportunity 2017 Conference in New Orleans.
More investors are warming up to the notion that mixed-income development can also be a relatively low-risk venture that offers a stable rate of return.
With California’s net-zero-energy mandate on the horizon—requiring new homes to generate as much power as they consume—a team made up of KB Home, KTGY Architecture + Planning, and publisher Hanley Wood late last year provided a glimpse of what they thought a home of the future might look like.
Venture capitalists are jumping into the growing market for technology-based solutions for the affordable housing issues that communities around the globe are facing.
A new report from CBRE highlights that the two categories occupying the most space in U.S. malls—department stores at 48.7 percent of gross leasable area, and apparel, accessories, and shoes at 29.4 percent—also posted relatively tepid retail-sales growth from 2011 to 2016. In contrast, categories with stronger retail-sales growth, such as health care, still account for relatively little occupancy of U.S. malls