The Minneapolis/Saint Paul metropolitan area is a prime example of how strong employment growth is putting a strain on the housing supply available in many U.S. cities. Since 2000, the number of Twin Cities households that face a housing cost burden—defined as spending more than 30 percent of their income on housing—has increased by 25 percent to a total of 199,000 households as of 2015, according to the Metropolitan Council.

The National Building Museum’s latest Summer Block Party installation – “Hive” – in Washington, D.C., is now open to the public. Designed by Studio Gang, an American architecture and urban design practice with offices in Chicago and New York, Hive is built entirely of more than 2,700 wound paper tubes featuring a reflective silver exterior and a vivid magenta interior, and reaches a height of 60 feet.

According to the latest survey by the Counselors of Real Estate, the most pressing issues facing the real estate industry include the need for infrastructure improvements, the mismatch of housing and jobs in cities, and the global uncertainty of political polarization. Scott Muldavin, the current chairman of CRE and a ULI full member, presented the research at a real estate journalism conference in Denver.

Twenty-three of the world’s foremost real estate industry leaders have been elected to serve as new ULI governing trustees for terms that began on July 1, 2017. The governing trustees, who frame ULI’s broad direction and agenda, provide leadership in member advancement of the Institute’s mission. The addition of the 23 elected governing trustees brings the total number of elected ULI governing trustees to 139.

Thomas W. Toomey, chief executive officer, president, and a director of UDR Inc., a $16 billion multifamily real estate investment trust based in Highlands Ranch, Colorado, has been named the new ULI global chairman. Toomey, a longtime ULI member, ULI trustee, and ULI Foundation governor, will serve a two-year term that ends June 30, 2019.

Central Hong Kong and London’s West End topped the latest list of prime office occupancy costs, according to CBRE Research’s latest annual Global Prime Office Occupancy Costsreport. “The global top ten list reflects the ongoing strength of global gateway cities in attracting and maintaining a successful occupier base,” said Richard Barkham, global chief economist at CBRE.

The latest research from the Joint Center for Housing Studies of Harvard University, makes a solid case that the U.S. housing market is firmly on the road to recovery. Yet the report also shines a spotlight on the problems still in play, namely insufficient supply and rising costs that are creating challenges for both renters and homebuyers.

Vivek Wadhwa, a futurist and a distinguished fellow and adjunct professor at Carnegie Mellon University’s College of Engineering, shared his insights on technology’s impact on our lives, jobs and business, at the ULI Asia Pacific Summit in Singapore, followed by an interactive discussion with Richard Price of CBRE Global Investors and ULI Global board member.

Following a dip in April, the Dodge Momentum Index advanced 4.0 percent in May to 139.1, up from the April reading, which was revised down to 133.7. The index is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

As job growth in the professional services sector has increased substantially over the past several years, office real estate investment trusts (REITs) have benefited from strong leasing fundamentals. However, more office construction and oversupply concentrated in major metro areas such as New York City, Houston, and Washington, D.C., continue to concern those in the market. Plus, interest rate survey data from Trepp.