New Construction

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.

How the rent vs. buy calculation has changed in Chicagoland

Looking at real estate data over the last decade, some clear trends emerge in terms of costs, demographics and housing stock. See how this has impacted the market in the Chicago area.

Chicago ranks 2nd in share of residential skyscrapers in U.S.

A new study shows that high-rise buildings aren’t just for worker bees anymore.

Team building through homebuilding

Some brokerages are finding synchronicity by partnering with Habitat Chicago. Learn how it’s done and what giving back in this way can do for your business.

New-home sales up 17.2% in Midwest

The number of new homes sold shot up over last year, according to Census data from October.

Developers: Politicians, taxes and headlines dogging Chicago

At the Lincoln Park Builders’ 31st annual Real Estate Forum yesterday, developers sounded off about what Chicagoland has going for it, and what’s holding the metro area back.

Housing starts up nationwide, Midwest still struggles to keep pace

Two percent jump in housing starts nationwide could mean lower chance of recession

Harvard report projects vibrant housing market, provided construction ramps up

The Joint Center for Housing Studies’ State of the Nation’s Housing report stresses the need for more inventory.

New-home sales down in September; experts blame supply woes

Lack of inventory is stalling growth. Learn why some are saying they don’t expect housing starts to reach pre-recession levels until 2022.

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