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Apartment development is supposed to heat up in the United States over the next couple of years, but it's nothing like what’s reported to be going on in China. In an effort to stave off recession and provide affordable housing, the Chinese government is reportedly in the midst of an ambitious plan...
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Capital constraints and lifestyle changes among renter demographics are converging to make smaller, denser, downtown apartment communities the hottest spots to build.
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In the multifamily business, if you’re a third-party apartment builder, you generally make that your bread and butter.
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Since the start of the year, a growing number of construction debt providers have become increasingly aggressive, driving leverage levels up and spreads down.
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Architectural Billings Go Up Since the Middle of Last Year
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As developers begin to look at whether new construction pencils out again, architects, property managers, and general contractors are getting a lot of calls to do studies and help underwrite deals. Some of these proposals will turn into nothing, but others could eventually lead to starts. What...
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Earlier this week, Federal Reserve Chairman Ben Bernanke said that a sustained surge in oil prices could mean weaker growth and higher inflation. Still, the Fed chieftan said he didn’t feel concerned about the recent spike in oil. Multifamily developers, however, know skyrocketing oil prices could...
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Overall construction spending dipped in January, likely a consequence of the weather.
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GroundFORCE Building Systems is close to expanding this service to residential builders.
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While the FHA remains the market-share leader, traditional construction lenders like Chase, U.S. Bank and Bank of America, and even insurance companies like MetLife and PacLife, are stepping back into the market.