Articles Tagged with ''Construction''

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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Construction startup Buildup raises $7 million

Service digitizes jobsite management
Buildup, a California-based startup that offers a mobile collaboration and task management platform for construction jobsites, announced recently that it raised $7 million in a Series A funding round. The company said that it plans to use the funding to expand the company's engineering, sales, and marketing teams.
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Built raises $21 million, aims to revolutionize construction lending

Plans to use money to expand in residential and commercial construction
Built, a provider of construction lending automation software and a 2017 HW Tech100 honoree as one of the top technology companies in the housing industry, announced this week that it raised $21 million that it plans to use to “transform” the construction lending industry.
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