New Construction
The 2026 National Housing Supply Summit was held in Washington, D.C., on March 18.
Illinois REALTORS® applauded the proposals, saying they “mirror the core pillars of Illinois REALTORS®’ legislative platform since 2020.”
Affordability challenges continue to bedevil homebuyers, despite mortgage rates falling to a three-year low, the National Association of Home Builders reported.
Leaders from Chicagoland developers Lexington Homes and AK Custom Homes share their construction predictions.
Units in the 40-townhome community start at $449,990.
The 18-acre development will offer 35 new-construction homes in the west-suburban community.
The pace of new-home sales hit an annual rate of 800,000, its highest level since January 2022.
At the same time, completions of new single-family homes were on the rise last month, according to federal statistics.
The project will offer a total of 294 rental residences — 245 apartments and 49 rental townhomes — and 13,000 square feet of commercial space.
Two years ago, Dawn McKenna Group made a key investment in its future: the creation of a dedicated division to support the growing demand for new-construction sales. That decision positioned the company to continue to scale nationally and internationally
For real estate agents eyeing a leap into new construction and investing, Joe Kotoch, a seasoned Chicago-based real estate strategist, offers a road map built from years of hands-on experience.
The View will bring 573 apartments to the 310-acre super-regional, mixed-use project, the Rock Run Collection.
The upside surprise came despite monthly and yearly declines in the pace of sales.
The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry.
SVN Chicago Commercial has closed the sale of an approximately 80,000-square-foot parcel of riverfront land at 2221 W. Oakdale Ave., located in Chicago’s Roscoe Village neighborhood.