New Construction

Illinois ranks 2nd lowest in U.S. for new construction
Illinois ranks 2nd lowest in U.S. for new construction

While our state underperformed when it comes to new residential units per capita, there is one building metric where we outpaced the national numbers.

NAHB reports slight decline in builder confidence
NAHB reports slight decline in builder confidence

The NAHB/Wells Fargo Housing Market Index shows a dip in builder confidence in the Midwest resulting from novel coronavirus outbreak.

Green homes 2.0: Sustainability and resilience in new construction
Green homes 2.0: Sustainability and resilience in new construction

Shifts in the public perception of the planet are impacting the new-construction world in Chicagoland. For some, the solution involves green homes that utilize sustainable materials. But also, the concept of resilience has also become part of the conversation as

The Chicago way: What sustainability looks like here
The Chicago way: What sustainability looks like here

Residential developers and builders often take cues from the commercial construction industry when it comes to incorporating new environmental standards. Chicago architects share ideas on how developers, designers and builders can incorporate eco-friendliness in a more holistic

Readers’ thoughts on new-construction issues
Readers’ thoughts on new-construction issues

Find out how knowledgeable real estate pros are about new construction in Chicagoland and how their clients feel about sustainable building practices.

New plans for Chicago Spire site; Parkline Chicago opens to buyers
New plans for Chicago Spire site; Parkline Chicago opens to buyers

Luxury residential building Parkline Chicago will open up for sales next week and Related Midwest has submitted plans to develop 400 Lake Shore Drive to fill a hole in lakeshore

New work visas means relief for homebuilders
New work visas means relief for homebuilders

An additional 35,000 temporary work visas approved by the Department of Homeland Security could help ease chronic shortage of construction

Groundbreaking for Triangle Square, 1400 Monroe; EVEQ tops off and more
Groundbreaking for Triangle Square, 1400 Monroe; EVEQ tops off and more

JK Equities and Belgravia kick off construction phases in West Loop and East Bucktown, Porte is now pre-leasing, new model homes open in Hinsdale and

Midwest housing starts jump up over last year
Midwest housing starts jump up over last year

Despite a month-over-month dip of 5.9 percent nationwide, residential construction had a strong showing in the

Despite uncertainty, strong hiring buoys multifamily investment in Chicago
Despite uncertainty, strong hiring buoys multifamily investment in Chicago

While both international and local headwinds are making some nervous, Marcus & Millichap’s 2020 outlook touts strengths in Chicagoland and in the sector overall.

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