The construction industry has been experiencing a significant surge in wages for residential building workers, according to the National Association of Home Builders’ Eye On Housing blog. In September 2024, these wages saw an impressive increase of 9.9%, following an even more dramatic rise of
Canadian Building Construction Price Indexes (BCPI) for Q3, released by Statistics Canada, revealed a notable shift in the pace of rising costs within the construction industry. For the first time since Q2 2020, the growth in residential building construction costs has slowed to 0.9%, a slight
In Red Deer’s Capstone neighborhood, the development of a new 62-unit residential rental property named The ALEX is making significant strides as it moves ahead of schedule. The project is being developed by Sorento Custom Homes in partnership with High Rise Properties Inc., and it promises a
Recently, the completion and opening of The Starling, a six-story residential building located at 66 Monitor Street in Jersey City, New Jersey, marks a significant milestone in the area’s development. Developed by Alpine Residential and Fields Grade, this new building offers an array of residential
New Zealand’s residential construction sector is embroiled in a challenging period characterized by a significant decline in activity and soaring construction costs. Over the past two years, the industry has witnessed a marked contraction, influenced by fluctuating house prices, changes in
In a decisive move reflecting the urgency of proactive urban management, the Princeton City Council has unanimously voted to instate a 120-day moratorium on residential development. This measure, effective from September 19, aims to address the challenges posed by the city's rapid population growth
