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Report Finds Existing US Housing Stock Still Needs More Investment

Pro Builder

The widespread adoption of remote work, massive growth in home equity and savings, and the aging of the housing stock boosted annual spending on improvements and repairs to owner-occupied homes 24 percent between 2019 and 2021 to $406 billion, or an annual pace of growth more than double the historical average of 5 percent.

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James McHugh Construction breaks ground on 1000M, Michigan Avenue’s tallest tower to be

BD+C

October 30, 2019 – Co-developers Time Equities, Inc. TEI), JK Equities and Oak Capitals, hosted a groundbreaking ceremony Thursday, October 24th, to celebrate the start of construction for 1000M , the ultra-luxury condominium building across from Grant Park in Chicago. CHICAGO, Ill.,

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Brokers look forward to a commercial real estate market that mirrors 2018’s solid results

BD+C

Commercial real estate brokers are optimistic about their industry’s growth prospects for 2019, according to a poll of brokers that Transwestern released last month. They are buoyed by strong consumer and business confidence, steady employment growth, and the anticipation of available debt and equity liquidity.

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Living Future Institute’s JUST program helps measure progress on sustainability, social justice

BD+C

ILFI’s JUST program provides a platform for organizations to measure their progress on a range of indicators about sustainability and other goals including social justice, equity, diversity, and inclusion. The International Living Future Institute (ILFI) released an upgraded version of its JUST program, JUST 2.0,

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Remodeling Demand Surges as Homeowners Choose Not to Sell

Pro Builder

Home equity per owner reached a record high of $315K after an inflation-adjusted gain of $95,000 in 2019, incentivizing homeowners to build personal wealth in a high-cost market. . Remodeling demand is on the rise as unfavorable buying conditions cause many sellers to hold their upper ground and give their existing homes a makeover.

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More House Hunters Are Seeking Out Diverse Neighborhoods

Pro Builder

Developers—for profit, market rate or mixed income—are thinking deeply about issues of social equity and doing the best they can to address some of these broader societal issues we’re all talking about,” said Rachel MacCleery, senior vice president at the Urban Land Institute in Washington, D.C., In 2019, 11% of all married U.S.

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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

million at the end of 2019. On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 at the end of 2019. Now, with home values up, there remains 2.25 Read More. .

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