Residential
As long as lenders keep a tight grip on their wallets, the much-anticipated trend toward smaller houses probably won’t materialize, according to data presented at the NAHB’s recent annual convention.
The prevailing sluggish employment growth notwithstanding, apartment rents are already rebounding at a surprisingly heady pace after an exceptionally slow construction period.
After a year in which housing starts were the lowest since 1942 and new home sales were the lowest ever, David Crowe, chief economist at the National Association of Home Builders (NAHB), isn’t complaining and points toward a modest rebound in the new home market in 2012.
Via Verde—a south Bronx housing development opening in March—proves that affordability poses no barrier to the goals of sustainability, design excellence, and the promotion of healthy living.
Little on the horizon promises change, but there are three ways the federal government could revive housing, says John L. McIlwain, ULI’s senior resident fellow, housing. The two most significant ideas are politically controversial and would require stronger leadership than has been shown on housing to date.
By 2050, aging baby boomers are expected to swell the population of Americans 65 and older to 89 million—a surge that will require more than just an increase in the capacity of housing for seniors.
California is often the first state in the country to enact trailblazing legislation. Now, it has become the first to abolish its redevelopment agencies. What is happening and will this be an eastern moving trend?
Urban Land’s list of the 15 most influential housing industry people on Twitter—a tool that helps everyone stay abreast of what is working for their peers.
With a strong economic base, vibrant financial sector, and robust in-migration, Toronto has a real estate market that is probably healthier than any other in North America, says Mark Noskiewicz, the chair of ULI Toronto.
There is growing evidence that energy-efficient and green apartments rent up faster than others and are experiencing less turnover—a trend the apartment industry would do well to watch.