article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. This phase includes determining the project’s scope, selecting materials, and determining the necessary permits and approvals. You must secure financing for the project.

article thumbnail

Homebuying Activity Returns as Inventory Increases

Pro Builder

million housing starts in June and nearly half of all metros the NAR tracks issued more single-family permits than its historical average. Houston and Dallas issued the most single-family permits during the last 12 months, exceeding 50,000 each. Phoenix issued the third highest number of permits at just over 36,000.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans. Find out if you can use your land equity towards your down payment, how they pay construction draws, and if the contractor can request a draw to cover material costs.

article thumbnail

How One Designer Changed ADU Construction, Saving Builders Thousands

Pro Builder

The city launched the ADU/Standard Plan Program earlier this month, which offers homeowners and builders access to approved ADU building plans, allowing for faster and less expensive permitting. ADU construction can upwards of $350,000, but Navarro’s system totals up to less than $100,000, reports the Los Angeles Times. Read More. .

article thumbnail

Interface Inequity - Modify Size

Revit OpEd

Revit MEP features Duct, Pipe, Conduit and Cable Tray all have a dialog that permits us to edit their information, chief among them is their sizes. I vote for component size equity!! Unfortunately the younger brothers, Conduit and Cable Trays, have a extra button, the Modify button that lets us easily change a setting for a size.

Revit 56
article thumbnail

Cracking the code of affordable housing

BD+C

In the same month, Private Equity Real Estate (PERE) reported that 85% of new rental housing being developed in the U.S. Each time, it involves a different mix of government policy and investment with private development and equity. is priced in the luxury bracket, though just 15% of renters can afford it.

Housing 104
article thumbnail

13 trends, technologies, and strategies to expect in 2023

BD+C

Meeting equity This will become the standard in office spaces to enable all participants, regardless of their location and platform, to be equally heard and seen via smart AI cameras, beamforming mics , and auto-framing to identify participants and create a more natural experience.