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Building Industry News

This page lists headlines from the building industry new sources.

The news feeds are updated regularly and are linked to each organization's website. To read an entire story, simply click on the link and a new window will open; after reading, simply close the window and you'll return to this page to continue scanning headlines.

 

 


 

 

    
HousingZone

Given how expensive housing in the five boroughs is becoming, workers in New York City are moving farther and farther away. But they still show up to work everyday.

The New York Times profiled a handful of extreme commuters, people who commute two or more hours a day for at least five days a week. Some of these commuters are so distant that they technically live in suburbs of other major cities (including Philadelphia and Hartford, Conn.).

According to the Urban Land Institute, Georgia is expected to have higher population growth, job creation, and real estate expansion than the rest of the nation in 2017.

New single-family home starts will rise by 18 percent, the ULI reported, and existing home prices will increase 4 percent.

Atlanta employers including Comcast, Equifax, and State Farm are expected to add 68,000 workers this year, a 2.5 percent increase from 2016.

A few months after Fannie Mae inked a $1 billion financing deal with Invitation Homes, one of the nation’s largest rental home companies, fellow government-controlled mortgage finance giant Freddie Mac is looking to follow suit.

The New York Times reports that Freddie Mac intends to provide tens of millions of dollars to midsize landlords that operate 50,000 rental homes across 13 markets.

There are about 17 million homes being rented in the U.S. this year, up from 11 million in 2008. Invitation Homes controls 300,000 rentals.

A few months after Fannie Mae inked a $1 billion financing deal with Invitation Homes, one of the nation’s largest rental home companies, fellow government-controlled mortgage finance giant Freddie Mac is looking to follow suit.

The New York Times reports that Freddie Mac intends to provide tens of millions of dollars to midsize landlords that operate 50,000 rental homes across 13 markets.

There are about 17 million homes being rented in the U.S. this year, up from 11 million in 2008. Invitation Homes controls 300,000 rentals.

Respondents to RCLCO’s latest Market Sentiment Survey indicated that they believe that most product types remain in the stable phase of the real estate cycle. For-sale residential properties are expected to be stable, but down from their peak.

Also, 38 percent of respondents predict an apartment downturn by the middle of next year. Bubble concerns are highest in Southwest and Southeast markets, along with Washington D.C.

      
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