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Tag: financial


Construction Processes, Financial

US commercial real estate to grow through 2019

December 1, 2017

Via: Construction Dive

Despite the ULI’s findings, Bloomberg recently reported that the suburban office market is on an upward march as older millennials opt to move away from urban centers to smaller, more affordable cities nearby. And employers are tagging along. One of the contributing factors […]


Construction Processes, Financial

Developers break ground on $150M Los Angeles mixed-use project

September 1, 2017

Via: Construction Dive

Live-work-play developments are still springing up in major cities, but those who are in the surrounding communities are looking to bring that urban walkability to their neighborhoods as well. In October, another Los Angeles–area developer, Westfield Corp., proposed replacing an […]


Construction Processes, Financial

Median construction worker age on par with US workforce — for now

August 31, 2017

Via: Construction Dive

The construction workforce trending older has been cause for concern in some parts of the U.S. as the industry continues to cite the skilled labor shortage as one of its most critical problems. The Northeast, especially, could face challenges as […]


Construction Processes, Financial

CO convention center expansion costs double to $233M

August 31, 2017

Via: Construction Dive

Convention center representatives attributed the rising cost estimate to the skilled-labor shortage in Denver, climbing steel prices and building code requirements. Denver officials expect pushback on the tax from hotels that are not in close proximity to the convention center, […]


Construction Processes, Financial

Housing market breaks records in May

June 20, 2017

Via: Construction Dive

Affordable housing is just one reason cities like Omaha, Buffalo and Grand Rapids are becoming desirable places to move, particularly for first-time homebuyers, many of whom are millennials, though prices there are rising, too. Home prices were up 4.3% year-over-year […]


Construction Processes, Financial

April Construction Starts Retreat 13% Nationwide

June 2, 2017

Via: ENR

The value of new construction starts in April dropped 13% from the previous month to a seasonally adjusted annual rate of $647.8 billion, according to Dodge Data & Analytics. The decline followed three straight months of gains, which saw total […]


Construction Processes, Financial

These buildings paid the highest property taxes in 2016

May 25, 2017

Via: BDCNetwork

Ben Franklin is often attributed as saying only two things are certain in life: death and taxes. While this quote rings true, it can be assumed Franklin didn’t predict some entities would be handed a tax bill of $71 million […]


Construction Processes, Financial

Search for housing affordability drives growth in the suburbs

May 24, 2017

Via: Construction Dive

For many years, the industry expected millennials to gravitate toward cities, but that hasn’t necessarily been the case, as nearly 50% live in the suburbs and 20% live in rural areas, according to Zillow. Amid skyrocketing home prices, the suburbs […]


Construction Processes, Financial

New-home sales fall back in April

May 24, 2017

Via: Construction Dive

April’s wearker-than-anticipated new-home sales report follows a strong March, which was the best month for new-home sales since July 2016. One driver of that growth was a mild winter that allowed crews to get to work sooner putting up new […]


Construction Processes, Financial

Tax reform could raise taxes on middle-class homeowners

May 23, 2017

Via: Construction Dive

The Trump administration has promised sweeping tax breaks and increased defense and infrastructure spending — pledges that some analysts worry could drive up the national debt sharply. Rumors earlier in 2017 anticipated the possibility of President Donald Trump attempting to […]