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Building Industry News

This page lists headlines from the building industry new sources.

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The median lot size for new single-family homes in 2015 fell to a record low of less than 8,600 sf, according to analysis of the Census Bureau's Survey of Construction by the National Association of Home Builders.

There were significant regional differences in lot size. New England had the largest median lot size at half an acre, and the Pacific region had the smallest with more than half of its lots less than 0.15 of an acre. Custom home lots were not included in the analysis.

For a long time after the bubble burst and the housing market began to recover, multifamily housing starts dominated the market landscape. Now, however, the industry is beginning to see a change as single-family building is picking up steam while multifamily starts are beginning to fade.

Critics charge that New York City’s approach to resiliency in the face of climate-change-induced sea level rise is shortsighted. For example, new development in Manhattan and Columbia University’s new Manhattanville campus will be at risk in 50 to 80 years, they say. Mayor Bill de Blasio is focused on “an election time scale,” not a more realistic timetable given the challenges the city faces, critics assert.

A few years ago, a 5.6 magnitude earthquake believed to have been caused by injection of waste water from fracking operations into the subsurface struck Oklahoma. The temblor damaged highways, toppled chimneys, and caused other damage. Last year, there were nearly 900 earthquakes above 3.0 on the Richter scale in the state, and others have been recorded in regions where fracking is underway.

As people begin to realize how much home equity they have built up, they are also becoming much more likely to put that equity to use in the form of home improvement projects. The historical average growth rate for home improvement and repair expenditures is 4.9 percent, but by the start of 2017 that rate is expected to reach 8 percent, according to Harvard’s Joint Center for Housing.

Yahoo! Finance Headlines
[PR Newswire] - BOCA RATON, Fla., July 27, 2016 /PRNewswire/ -- Pulte Capital Partners ("Pulte Capital") announced today that it has sold portfolio company Southern Air & Heat to MSouth Equity Partners, a private equity fund with $1.3 billion under management across three funds based in Atlanta. Southern Air & Heat, based in the Southeastern U.S., provides heating & air conditioning installation to the nation's largest homebuilders and is also a leading servicer and installer for over 70,000 homeowners across its southeastern target markets. "Our team built Southern Air & Heat from just an idea to one of the largest heating and air conditioning platforms in the United States.
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