Economy, Market & Trends
According to a report from American credit bureau TransUnion, U.S. renters, as a group, are getting older, but they also have better credit scores and greater access to debt than previously.
The low-income housing tax credit (LIHTC) has helped house millions, and it remains a vital driver of development. The 30-year track record of the LIHTC offers compelling evidence that affordable housing is good business, a stable asset class, and a strong driver of economic activity and neighborhood improvement.
Taller buildings constructed mainly of wood are an inexpensive, attractive, and environmentally friendly option, but current building codes in the United States make them hard to build, said panelists at a U.S. National Building Museum event.
Take a full copy of Urban Landalong on your tablet! The latest issue of the magazine is now available for download through the Urban Landapp. Top stories: Introducing this year’s Urban Land40 under 40; “Global Capital: Outlook for 2017;” and “Energy & Resilience: Practical Ways to Boost Return.”
After a sluggish year with just 1 percent growth, backhoes and bulldozers should be busier in 2017 with 5 percent growth in construction starts, for a total volume of $713 billion. That is the prediction from industry leader Dodge Data & Analytics, presented at the group’s annual conference held recently at National Harbor in Oxon Hill, Maryland.
A new report from the ULI Terwilliger Center says that U.S. suburban housing markets are well positioned to remain preferred places to live and work over the coming decades, even as urban cores and downtown neighborhoods continue to attract new residents.
Over the past several years, we have seen a new, decided focus in many American cities of all sizes on redeveloping and renewing their cores. One key way this transformation is happening is through the building of new urban parks and public spaces in the city center. Yet, one of the great challenges is how to develop these vital parks and public spaces without straining government budgets. An effective solution? Private funding and management.
Two case studies on how obsolete industrial buildings have been redeveloped for a new life in the new economy—the focus of this 2016 ULI Fall Meeting session—offered lessons about capitalizing on site location, the buildings’ qualities, and the developers’ visions for creating dynamic mixed-use places that are profitable as well as mission driven.
Dallas was an appropriate location for a 2016 ULI Fall Meeting discussion on energizing corporate campuses, with several large-scale headquarter developments underway in the region.
When the latest Emerging Trends in Real Estate® report for the United States and Canada was unveiled at the 2016 ULI Fall Meeting in Dallas, the panel discussion quickly turned to how to convert the research into action. The report points to an industry in transition, one that is trying to find ways to maximize investments in a time of low interest rates and global uncertainty.
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