Articles Tagged with ''Construction''

Skender: How to build better cheaper

Construction firm, Skender, releases 101 tips to cut the rising costs of construction
Rising construction costs have put a strain on housing affordability in the U.S. To help mitigate these costs, Skender, a full-service construction company, put together 101 best practices for quality construction on the cheap.
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Dodge Analytics: Residential construction starts fell 9% in April

Multifamily dips 7% YoY, single-family rises 7%YoY
Residential construction starts faltered in April as did the rest of the construction sectors, according to a report by Dodge Data & Analytics. The report showed that residential construction starts, both single-family and multifamily, totaled 303.8 billion, a 9% decrease from March. Multifamily dropped by 20%, which signaled the second declining month in a row.
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Trump tax cuts fail to provide boost to nation’s GDP

Low GDP reflects current “housing crisis”
Gross domestic product was a disappointment, shrinking in the first quarter despite the recent tax cuts passed at the end of 2017. One expert explained that the current slowdown reflects an ongoing housing crisis, and what can be done to reverse it.
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Construction sees most growth since first quarter of 2016

Could signal relief to inventory-starved market
Construction growth saw a surge in the fourth quarter of 2017 to the highest level since the beginning of 2016. Even as the number of new homes constructed continues to struggle, the increasing GDP within the construction industry gives hope that new home construction will soon see a surge.
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Elon Musk’s Boring Company to sell LEGO-like bricks that can be used to build housing

Musk claims two people could build outer walls of a small house in two days
Elon Musk may be more famous for building electric cars (and solar roof panels) at Tesla or launching one of those electric cars into space with SpaceX, but his other company is about to come out with a product that could be used to easily and quickly build new housing. Musk took to Twitter on Monday to announce that The Boring Company will soon sell “lifesize LEGO-like interlocking bricks” that can be used to build sculptures, buildings, or even houses.
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Home Depot donates $50 million to fix construction shortage

Dedicates funds to train construction workers
As the construction labor shortage continues to hold back new home construction and even worsen the current housing inventory shortage, Home Depot announced its plan to help resolve the shortage. The company announced it will dedicate $50 million to fix the construction shortage – here’s how.
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New home sales unexpectedly plummet in January

Falls from decade-high pace set in 2017
New home sales decreased significantly in January, falling from 2017’s decade-high pace. Experts explain the drop was unexpected and disappointing, but point out there are still a few reasons to be optimistic in January’s report.
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JPMorgan Chase to build new HQ in midtown Manhattan

New HQ first major project under NYC's Midtown East Rezoning plan
It’s a season of change at JPMorgan Chase. The big bank recently committed to investing $20 billion in new branches and new hires following tax reform legislation. Now, the company announced plans to build a new, 2.5 million square feet, 70-story HQ at its 270 Park Avenue location, replacing the current 52-story building, which houses 15,000 of the bank’s employees.
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Japan’s SoftBank continues U.S. real estate push by leading $865 million investment in Katerra

Makes sizable investment in construction disruptor
In the last few years, Japanese technology company SoftBank Group has undertaken a significant move into the U.S. real estate and housing market with a series of investments and acquisitions. Now, SoftBank is making another move into U.S. real estate by leading a massive capital raise in Katerra, a company that wants to revolutionize the construction industry.
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Monday Morning Cup of Coffee: Construction boom could ease affordability in 2018

And what the latest DACA news means for housing
To probably no one’s surprise, affordable housing continues to worsen in buyer and rental markets. But this could take a positive turn in 2018 as many experts continue to predict the market is shaping up for a construction boom. Unless, of course, the administration’s immigration policies continue to deplete the much-needed construction labor force.
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