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Earlier this year, Arizona projected that developers planning to build homes in the desert west of Phoenix don’t have enough groundwater supplies to complete their projects, another blow to home builders and buyers contending with steep price gains in a nationwide housing shortage.
Is the PhoenixHousing Bubble About to Pop? ldeakins Tue, 02/07/2023 - 10:32 After soaring to new heights throughout the COVID-19 pandemic, the Phoenixhousing market is slowing to a halt, and that sudden drop-off has some market experts fearful of a 2023 crash For the past several years, the U.S.
Senior Living Operators Thinking Long Term: There’s been talk in the senior living sector that construction of brand-new senior communities has caught up to demand, and some media outlets are even saying senior housing is facing a glut. Retail Developers Will Play All Sides: .
Could the Fall Season Bring a Cooler Housing Market? August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. Available housing inventory continued its upward trajectory for the fourth straight month, rising 4.1% cbroderick.
Homeownership Is Becoming the More Affordable Option in Most Housing Markets. Housing prices are high all around, but low mortgage rates, rising wages, and home-equity wealth are giving buyers an edge over renters. housing markets, according to The Washington Post. Housing Markets. Housing Markets. New-Home Sales.
However, the Great Recession that followed sent shockwaves through the housing market, slashing construction activity by nearly half in the 2010s. But it’s not just housing: the city has added 292 million square feet of industrial space, solidifying its logistics and distribution hub role. million units nationwide.
Incentives Won’t Be Enough to Keep Buyers in the Game as Housing Shortage Grows. Builders are offering incentives to prospective buyers to hold on to what little demand remains, but as supply drops and housing costs grow, sales continue to slow. Fri, 08/12/2022 - 09:36. New-Home Sales.
The Housing Market Is Rebalancing, and Those Who Can Still Afford Homes Are Poised to Benefit. home value now averages $357,107, but home values measured by the raw Zillow Home Value Index fell from June to July in 30 of the 50 largest metro areas, and more could soon follow as the housing market rebalances. Thu, 08/18/2022 - 10:50.
Remote workers and movers motivated by the pandemic are flocking to Sun Belt cities like Phoenix, where prices are peaking and inventory is declining. Sun Belt cities like Phoenix, Dallas, and Orlando attracted the majority of relocating Americans in 2021, and as a result, prices for homes and consumer goods are reaching new highs.
Top 10 Ivory Innovations Finalists for the 2023 Housing Affordability Prize qpurcell Tue, 04/18/2023 - 09:57 Yesterday, Ivory Innovations announced the Top 10 Finalists for the 2023 Ivory Prize for Housing Affordability. The 2023 Ivory Prize Winners will be announced on May 24, 2023, at PCBC in Anaheim, California.
Autodesk, Kreysler & Associates, Factory_OS, MBH Architects and Ecovative have developed an industrialized construction workflow using Forma, Revit and construction cloud to deliver factory-produced apartment modules for a West Oakland affordable housing project.
Formerly red-hot housing markets such as Seattle, Phoenix, San Francisco, and Austin, Texas, have seen substantial increases in inventory, and as a result, each metro is expected to see a double-digit price correction by late 2024. Read more Housing Markets Market Data + Trends Housing Markets
Designing a pedestrian-focused city in downtown Phoenix 0 qpurcell Fri, 06/02/2023 - 11:13 Urban Planning What makes a city walkable? Omar Bailey, AIA, LEED AP, NOMA University Buildings Mixed-Use Student Housing Office Buildings Shopping Centers Transit Facilities Codes Urban Planning What makes a city walkable?
Top 25 Finalists for Ivory Innovations' Housing Affordability Prize esorum Thu, 03/16/2023 - 09:09 This year’s finalists in the Construction & Design category include solutions to the labor shortage as well as environmentally friendly building solutions focused on decreasing construction time.
Today, there are 44,700 rental homes in the pipeline—triple the amount of houses completed in 2022. In the highest yearly total to date, 2022 saw a completion of over 14,500 BFR houses. Phoenix, Ariz., For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years.
New Homebuyers Flock to Denver, Las Vegas, Phoenix. Census data by LendingTree, the cities of Denver, Las Vegas, and Phoenix have the highest ratio of newcomers compared to long term residents. trace their residency to the ’00s, the decade of the housing boom and bust when a lot of homes were built. Housing Markets.
INTERIOIR DESIGN AWARD - Eva’s Phoenix transforms 3,810m2 of a 1930s heritage-designated municipal waterworks into a 50-bed transitional housing, education and skills training centre for 16- to 24-year-olds actively transitioning out of homelessness.
INTERIOIR DESIGN AWARD - Eva’s Phoenix transforms 3,810m2 of a 1930s heritage-designated municipal waterworks into a 50-bed transitional housing, education and skills training centre for 16- to 24-year-olds actively transitioning out of homelessness.
of Redfin.com house hunters eyed a move to a different metro area in January 2022, up from 31.5% As mortgage rates steadily rise and rental prices reach unprecedented highs, Americans with constricted budgets will be more inclined to relocate in the coming months to secure affordable housing before being entirely priced out of heated market.
As Materials Prices Rise, One Phoenix-Based Company Is Building Homes With Foam. Rather than waiting for long-delayed lumber imports or turning to a short supply of pricey materials, Phoenix-based Strata International Group is building houses with foam . Fri, 06/03/2022 - 09:45.
Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales. The nation's hottest housing markets aren't so hot anymore. Overpriced metros like Boise and Phoenix are seeing prices drop, sales slow, and inventory levels surge amid a major market cooldown. Housing Markets. Mon, 07/18/2022 - 10:17.
Phoenix, Nashville, Tampa, Denver, and Austin all experienced a hot market last year, but these metros' upward trajectory is not predicted to end this year. Austin, TX will lead as the hottest housing market, Zillow says. Phoenix came in second with 69%, followed by Nashville (67%), Tampa (60%), and Denver (56%). . cbroderick.
Despite a Worsening Water Shortage, Developers Are Mapping Out New Projects in Phoenix Desert. Arizona's water supply is rapidly disappearing, but that's not stopping new developers from taking over the dry West Valley of Phoenix. Wed, 01/18/2023 - 11:09. Katie Hobbs said in a statement last week. .
General Motors is hiring 1,000 high-tech employees to staff an Information Technology Innovation Center in this Phoenix suburb, joining Austin, Texas; Roswell, Ga., as the centerpieces of GM’s strategy to bring high-value IT work in house in support of the business transformation underway. and Warren, Mich.,
Nationally home prices are 41% higher than their last peak during the housing boom in 2006. Phoenix, San Diego, and Seattle reported the strongest price increases of the 20 cities. Prices in Phoenix increased 29.3% The 10-City composite index rose 18.5%, up from the previous month’s 16.6% year-over-year.
The neighborhood that drew the most Zillow searches was Northeast Dallas, which attracted 36,113 average daily views, followed by the Hollywood Hills with 32,216 views per day, and Camelback East, Phoenix, with an average of 30,366, The New York Times reports. Read more Housing Markets Local Builders Housing Markets
Billions have been funded into the single-family built-for-rent housing market since just last year, with many investors being foreign. housing companies to buy or build rental homes by the thousands. One-Third of Single-Family Rental Investors are Foreign. cbroderick. Tue, 04/13/2021 - 09:47. Just as U.S.
The first international air cargo hub to house customs operations for Mexico and the U.S. is expected to create 17,000 jobs in Greater Phoenix. Read: SkyBridge Arizona Heralds New Era In Cross-Border Commerce at BusinessFacilities.com.
housing market a brief reprieve last week, but according to Forbes , that doesn’t mean home prices are about to crash. Not only is a lack of new construction sustaining a costly housing market, but the share of existing homes for sale is also decreasing as sellers get cold feet. It’s barely recovered since then.
Working just three blocks apart in Phoenix’s burgeoning downtown Central Avenue corridor, Layton Construction Co. million sq ft of mixed-use residential, student housing, office and retail space. teams are simultaneously completing two high-rise projects that will collectively add almost 2.5
These Are America’s Most Undersupplied Housing Markets ibush Tue, 01/31/2023 - 15:08 Due to the housing affordability crisis, it's anticipated U.S. home builders will fall short on meeting housing needs in 2023 To accommodate current and future demand this decade, the home building industry must build back from a deficit of 17.1
Phoenix kitchen remodeling company , Republic West Remodeling, announced it has started construction on a multifaceted kitchen remodeling project for a Phoenix custom home. Our in-house designer developed a special relationship with the homeowners to ensure we understood their requirements and desires completely.
Why One Prominent Market Analyst Sees No Sign of Housing Shortage. According to her assessment, housing prices could drop in some markets, leaving home builders with unsold inventory. child families — have driven demand such as Phoenix and Boise. Housing Markets. Housing Markets. Tue, 11/09/2021 - 09:22.
Case-Shiller House Price Index Reveals Steep September Declines. Despite persistent annual growth, the September Case-Shiller National House Price Index (HPI) revealed significant home price declines in some overheated housing markets . Housing Markets. Housing Markets. Wed, 11/30/2022 - 10:57. New-Home Sales.
The housing market is cooling down after years of consistent growth. metros climbed 41% in July, especially in popular cities like Phoenix, Austin, and Raleigh, where inventory rose 158.7%, 154.5%, and 137.5%, respectively. Housing Markets. Homebuyers Brace for Big Changes Ahead as Inventory Climbs and Sellers Slash Prices.
As more Americans relocate to popular metros, affordable housing supply in the past year’s top destinations is gradually declining, suggesting new migration patterns in the coming year. . Housing Markets. Housing Markets. Regional Builders.
Housing Bubble About to Pop? may be in a housing bubble, and some believe that bubble is about to burst. After peaking to new highs this summer, home prices are beginning to fall as elevated mortgage rates whittle away at housing affordability and put a dent in homebuyer demand. Tue, 10/18/2022 - 10:16.
Housing Prices Are Soaring in Affordable Cities. New York City and San Francisco are left in the dust as more young people scoop up townhomes and condos in more affordable cities, such as Pittsburgh, Detroit, and Phoenix, according to Bloomberg. Housing Markets. cbroderick. Thu, 02/11/2021 - 09:12. Perhaps no part of the U.S.
More builders and investors are testing the waters of the single-family build-to-rent sector as consumers seek affordable housing options and to lease rather than buy. announced it was selling five of its communities in Phoenix, a total of 943 homes, to an affiliate of The Inland Real Estate Group of Companies , in Oak Brook, Ill.
On a year-over-year basis, rents are down 1.0% in Las Vegas, and barely up at all in Phoenix (1.1%), Sacramento (2.1%), Baltimore (2.6%), and New Orleans (2.8%). Read more Housing Markets Build to Rent Affordability Housing Markets Read more Housing Markets Build to Rent Affordability Housing Markets
Is Your Local Housing Market Headed Toward a Home Price Correction? These overpriced regional housing markets are the most likely to see home prices fall in the months ahead. Not only are those high-end housing markets more rate sensitive, but so are their tech sectors. Housing Markets. Housing Markets.
June housing inventory was up 3.3% Builders continue to make strides in meeting housing demand, finds NAR. million housing starts in June and nearly half of all metros the NAR tracks issued more single-family permits than its historical average. Phoenix issued the third highest number of permits at just over 36,000.
Out of Phoenix, Ariz., John Burns Real Estate Consulting puts the three markets to the test, comparing each by economy, housing, and rental market. When it comes to the economy, John Burns says Phoenix has turned into a “job magnet” and the pandemic could not halt jobs from growing. The Housing Market. Housing Markets.
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