Multifamily Construction Costs May Drop
By Bendix Anderson for National Real Estate Investor Heading into 2020, a robust development pipeline and rising costs of construction material and labor were major concerns for the multifamily sector. The economic devastation wrought by the COVID-19 shutdowns has put a halt to that, scrambling the projections of economists, developers and contractors. Developers aren’t exactly finding bargains at the moment, since […]
Multifamily Report Shows Sector’s Uncertainty
Source: ABI Multifamily ABI Multifamily has published its Q1 2020 Phoenix Multifamily Quarterly Report. And while the start of 2020 was strong, with rent growth, healthy occupancy rates, lower cost of living, and high renter demand all pointing to another extraordinary year, the future has yet to tell how the multifamily industry will be impacted by the COVID-19 global pandemic. With […]
Construction Unemployment Rate Down Y-o-Y
Source: Associated Builders and Contractors Estimated February not seasonally adjusted construction unemployment rates fell nationally and in 37 states, rose in 12 states and were unchanged in one state (Texas) on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. As of February 2020, the construction industry employed 208,000 […]
Exec. Order Aims to Improve Worker Education
By Roland Murphy for Arizona Builder’s Exchange Late last week President Donald Trump issued an executive order intended to advance opportunities in education, training and program transparency for American workers. The order establishes the National Council for the American Worker and the American Workforce Policy Advisory Board, which are tasked with solving, “the new challenges […]
$1.5T Plan Could Create 2.6M Const. Jobs. So What?
By Roland Murphy for Arizona Builder’s Exchange From the time President Donald Trump first proposed his $1.5T infrastructure package before the 2016 election, it has been swarmed by more “ifs” than answers. The most recent “if” is also one of the biggest: If it’s ever enacted, it could create 2.6 million construction jobs. A May […]