New Construction

New condos face deal-stopping hurdle due to COVID-19

Some transactions are having to start over from scratch because of a paperwork problem. But Cook County’s chief deputy recorder tells Chicago Agent magazine he’s working on a solution.

Homebuilder confidence takes a hit, though experts see light at the end of the tunnel

Economists believe home sales can help drive the nation’s economic recovery from COVID-19.

COVID-19 poses serious safety and marketing challenges for construction in Chicagoland

Real estate brokers, developers and builders are seeing rapid change in the new-home market in response to the coronavirus pandemic. Find out what the industry is doing now to get ready for the new normal.

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

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

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 homebuyers seek out buildings designed to withstand the stresses of environmental change.

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 way.

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 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 workers.

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 Midwest.

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.

U.S. homebuilding surges to 13-year high

Coming off of the government’s numbers for December, economists predict the home building industry is on track for recovery in 2020.

Demos near 606 officially blocked in anti-gentrification move

Chicago City Council approved a six month ban on building demolitions along the popular biking and running path.

Despite a dismal decade, NAHB predicts dynamism ahead for homebuilding

Looking back at the last ten years in homebuilding, the National Association of Home Builders’ chief economist demonstrated how bad the 2010s were for the industry but projected a positive outlook for the 2020s.

Robots expected to overtake humans in construction by 2025

As contractors face tighter schedules and a shrinking pool of qualified people, they are turning to autonomous workers to solve their problems.

Lincoln Yards, Chicago rendering
More community engagement on the horizon for megadevelopments

Lincoln Yards and The 78 will both get separate community advisory councils to make recommendations on the development process, an approach that could become commonplace for all major projects in the city.

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