Government backlogs delay apartment construction
Government backlogs delay apartment construction
Although approvals are jammed up in zoning and planning offices, local governments like Phoenix are seeking new ways to provide services.
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Although approvals are jammed up in zoning and planning offices, local governments like Phoenix are seeking new ways to provide services.
Although approvals are jammed up in zoning and planning offices, local governments like Phoenix are seeking new ways to provide services.
Last Updated on July 12, 2022 by Admin For both the employer and the contractor, time is of typical importance when completing a job. Due to this, contracting parties now have a strong incentive to evaluate project delays in order to make informed judgments regarding prospective time and/or expense compensation claims. Virtually every construction project experiences delays, and as a result, each project has a different set of contributing factors. Delay is sometimes described as a time overrun ...
Last Updated on July 12, 2022 by Admin For both the employer and the contractor, time is of typical importance when completing a job. Due to this, contracting parties now have a strong incentive to evaluate project delays in order to make informed judgments regarding prospective time and/or expense compensation claims. Virtually every construction project experiences delays, and as a result, each project has a different set of contributing factors. Delay is sometimes described as a time overrun ...
Dive Brief:
Construction contractorsโ backlog declined for a second consecutive month in July, while profit expectations fell further into negative territory, as construction pros braced for more challenging economic conditions ahead, according to a release from Associated Builders and Contractors.
ABCโs Construction Backlog Indicator, which tracks jobs contractors have won but havenโt started yet, declined in July to 8.7 months, 0.3 months below its May peak. Meanwhile, the profit compo...
Dive Brief:
Construction contractorsโ backlog declined for a second consecutive month in July, while profit expectations fell further into negative territory, as construction pros braced for more challenging economic conditions ahead, according to a release from Associated Builders and Contractors.
ABCโs Construction Backlog Indicator, which tracks jobs contractors have won but havenโt started yet, declined in July to 8.7 months, 0.3 months below its May peak. Meanwhile, the profit compo...
August 12, 2022
Richard Korman
KEYWORDS Canceled projects / Inflation / Multifamily Construction
Order Reprints
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Last month, Canadian developer Bosa paused work on a long-anticipated project in the heart of downtown Seattle. The company cited inflation and economic turbulence in halting the plan for a 422-unit condominium apart...
August 12, 2022
Richard Korman
KEYWORDS Canceled projects / Inflation / Multifamily Construction
Order Reprints
No Comments
Last month, Canadian developer Bosa paused work on a long-anticipated project in the heart of downtown Seattle. The company cited inflation and economic turbulence in halting the plan for a 422-unit condominium apart...
Developers had their eye on building a Class A apartment community near the Woodside Club, but Kansas City Kansas, officials rejected the plan.
Developers had their eye on building a Class A apartment community near the Woodside Club, but Kansas City Kansas, officials rejected the plan.
The 11-story Admiral's Wharf apartment along the river in Walkerโs Point could break ground this summer after being paused in spring 2020 after the onset of the Covid-19 pandemic.
The 11-story Admiral's Wharf apartment along the river in Walkerโs Point could break ground this summer after being paused in spring 2020 after the onset of the Covid-19 pandemic.
Dive Brief:
Nonresidential contractor confidence rose in August and backlog held steady as builders shook off fears of a looming recession, according to Associated Builders and Contractors, despite evidence the Federal Reserve will need to escalate its war on inflation even more via ever higher interest rates.
The ABCโs Construction Backlog Indicator, which measures the months of work contractors have won but havenโt yet started, held at 8.7 months in August, the same level as July and a fu...
Dive Brief:
Nonresidential contractor confidence rose in August and backlog held steady as builders shook off fears of a looming recession, according to Associated Builders and Contractors, despite evidence the Federal Reserve will need to escalate its war on inflation even more via ever higher interest rates.
The ABCโs Construction Backlog Indicator, which measures the months of work contractors have won but havenโt yet started, held at 8.7 months in August, the same level as July and a fu...
Documents filed with the Texas Department of Regulation and Licensing say that the site at 4343 Woodhead St. will soon be home to a 302-unit multifamily development, dubbed Fairmont Museum District III.
Documents filed with the Texas Department of Regulation and Licensing say that the site at 4343 Woodhead St. will soon be home to a 302-unit multifamily development, dubbed Fairmont Museum District III.
Minnesota developer Peter Stalland is entering the Albuquerque multifamily residential market with a 208-unit apartment complex on the northwest side of the city.
Minnesota developer Peter Stalland is entering the Albuquerque multifamily residential market with a 208-unit apartment complex on the northwest side of the city.
By yearโs end, Austin is projected to rank No. 4 among major metros nationwide for new apartments brought online, a welcome sign of relief in a region starving for both rental and for-sale housing. Thatโs according to an Aug. 23 RentCafe study which found that Austin is projected to deliver 18,288 apartments in 2022.
By yearโs end, Austin is projected to rank No. 4 among major metros nationwide for new apartments brought online, a welcome sign of relief in a region starving for both rental and for-sale housing. Thatโs according to an Aug. 23 RentCafe study which found that Austin is projected to deliver 18,288 apartments in 2022.