3️⃣ Housing Starts Down as MTG rates rebel against Fed cuts📉
Over the past 2 years, new housing projects have declined over 7%, with a 1% drop in the past year.
30 YR MTG have surpassed levels prior to the feds anticipate relief.
How will this impact inventory/affordability?
No visible speed limit for trucks, to say the least, and huge clouds of dust in the Dorfstrasse: progress comes with a price today. #buildingboom#saasfee#wallis#valais
💼 The City of Calgary issued 16,505 residential building permits in 2023, the highest in a decade, totaling $4.31B in construction value. #BuildingBoomnewsroom.calgary.ca/new-home…
This architecture gives Saas-Fee its unique character. What the new CHF 500 mln. building projects contribute will have to be seen. Shareholders value or investing in the vitality and sustainability of the local community?
#buildingboom#saasfee#wallis#valais#switzerland
Five Park in Miami Beach, construction update March 8, 2023.
They complete one typical floor approx every 4 days. Should top off by Sept.
Joint venture between Crescent Heights and Terra Group.
#Construction#miamibeach
China's rural #buildingboom in the last two decades reflects the notion of “fallen leaves returning to roots,” as people who've grown wealthy in the cities build and renovate homes in their ancestral villages.
But is this construction craze #sustainable?
theworldofchinese.com/2023/0…
Our community development software helps local governments combat challenges in the construction industry by moving building permitting & planning processes online.
Read the article originally published in the @OBOA_Office Journal:
hubs.li/Q01gFKqd0#ontario#buildingboom
ALT Moving building permitting and planning processes online is a better solution to plan and build for a stronger Ontario during construction challenges.
"#Austin nearly led the nation in new construction, with close to 42,000 new residences." Despite this #BuildingBoom we are losing the #affordability battle while displacing longtime residents & iconic local businesses. Density is no panacea.
nytimes.com/2021/11/27/us/au…