Construction Maison

A new study maintains that two-thirds of Denver renters plan to move to another city, a figure higher than the national average, with most listing high rent costs in the Mile High City  as the main reason. At the same time, however, so many people from other places want to move here that the actual number of renters in Denver is likely to remain steady in the near future and could actually rise. These are among the findings in a provocative report from Apartment List. As laid out in the following Q&A with analyst Sydney Bennet , who was heavily involved in the project, renting Denverites have a variety of reasons for wanting to relocate. But the number of those who are considering such a move because of long commute times or concerns about safety, for instance, pale in comparison to folks who simply are having a hard time stretching their dollars far enough to keep a decent roof over their head. As the study notes, the 67 percent of Denver renters who are looking at other lan...

The kind folks at the Orange County chapter of the Building Industry Association were nice enough to invite me to join a recent panel on local housing market conditions . I decided an early- morning seminar required a quick start, so I offered the audience of industry insiders and local elected officials a “pop quiz” on some housing supply and affordability trends. The theme to my questions was that decades of rising housing costs aren ’t as out of line with monetary sanity as one might think. That reality check doesn ’t make it any financially less challenging to live here, but I think it does give policymakers some leeway when seeking cures to local housing hurdles . So here are my 10 questions that say a lot of about limited affordable housing options . #1: Relative value? Q: In past 30 years, Orange County home prices have increased five-fold while inflation has just doubled. Not a shabby return for owners. But, how did the Dow Jones industrial average do, better or worse? A...

SEATTLE, Aug. 24, 2017 /PRNewswire/ -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007, just before the market crashed , according to the July Zillow® Real Estate Market Report(i). Home values in Denver, Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100. When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15(ii) have higher median home values than ...

Asian stock markets are in negative territory on Friday with investors in a risk-averse mood as the ongoing political turmoil in Washington raised doubts about President Donald Trump 's ability to push through his economic agenda. Investors also digested news of a terror attack in the Spanish city of Barcelona that killed at least 13 people and injured more than 100 others. The Australian market is declining. In late-morning trades, the benchmark S&P/ASX 200 Index is declining 46.60 points or 0.81 percent to 5,732.60, off a low of 5,711.00 earlier. The broader All Ordinaries Index is down 44.30 points or 0.76 percent to 5,782.90. The big four banks - ANZ Banking, Westpac, National Australia Bank and Commonwealth Bank - are lower in a range of 0.6 percent to 1.6 percent. Oil stocks are weak despite crude oil prices steadying overnight . Santos is losing 0.6 percent, Woodside Petroleum is down 0.2 percent and Oil Search is declining 0.3 percent. In the mining space, BHP Bil...

How plunging oil prices are reversing fortunes across Texas. Read all the stories in this series. MIDLAND — Thousands have been laid off. Tax collections are plummeting. Many are on the brink of homelessness.   Rows of drilling rigs and white company trucks sit idle — there’s no telling for how long. And, yet, amid the worst oil bust in decades, the energy capital of West Texas hasn ’t slowed down much. Several oil companies have recently built  office complexes in the area, and drilling continues , albeit at a more sluggish pace. The city plans to build a new convention center, and construction of a municipal courthouse is underway. Several more hotels, apartment complexes and eateries are expected to open   this year, and a second H-E-B grocery store just came online . "For hire" signs are ample, road crews prolific . And people still complain about the traffic. “People from the outside come in expecting to see boarded-up windows, 'for sale' signs everywhere,...

It’s almost a fact that at any given point in time, new housing— be it residential apartments or houses— are always on the rise somewhere in New York City. But what you may not have realized is that there are many neighborhoods where finding a home for sale may as well require a wait list to make it easier since owners hardly ever opt to sell their homes and when they do, there is a high possibility that you won’t find them online since many sales are advertised in ways that don’t involve the internet (believe it or not). In a newly published piece , The New York Times has taken a close look into the city’s neighborhoods where new inventory is tight and residential sales turnover is low. Using data from StreetEasy, the Times found that turnover rate in the four boroughs (Staten Island was excluded since there wasn’t enough data available) was 15 percent overall from 2010 to 2017 but much lower in neighborhoods where for-sale signs are few and far between. In Richmond Hill, Queens, wh...

● RELATED RENTALS Leasing launched at One Hudson Related Rentals announced the launch of leasing at One Hudson Yards, its 33- story luxury rental building at 530 West 30th Street . The tower features architecture by Davis Brody Bond , layouts by Ismael Leyva Architects and interiors by Andre Kikoski Architect . Benjamin Joseph, executive vice president at Related Companies , said, “The building provides a comprehensive lifestyle experience with best-in-class amenities and a prime location on the High Line at Hudson Yards.” The stone and glass building overlooks Heatherwick Studio ’s interactive design piece Vessel and The Shed, a new center for artistic invention designed by Diller Scofidio + Renfro in collaboration with Rockwell Group . One Hudson Yards has 178 apartments ranging from one- to three-bedrooms with one four-bedroom home on the penthouse level. Each apartment has 10 ft. ceilings, wide- plank grey oak floors , and extra-tall windows, a modern curtain wall façade an...

One Park Drive is the latest addition to the London skyline – an eye-catching skyscraper from the architects behind the Tate Modern extension . At 58 storeys high, it will be one of the tallest residential towers in London. So views from the building will be out of this world. The stunning skyscraper will enjoy a waterfront location in Canary Wharf. And while residents on the lower floors may not benefit from city views, they’ll still enjoy their spot overlooking the dock. Read more: Five new buildings have been granted listed status , including a London cabbie’s shelter and a ‘hobbit house’ The cylindrical building will be architecturally impressive. Circular towers are rare due to the challenges they pose to architects and interior designers , but  Architects Herzog & de Meuron have risen to the challenge and designed the building using an intelligent internal grid system . The grid system means that rooms aren’t awkwardly curved, as you might expect from a cylindrical tower, b...

Unable to commit. Fear of missing out on something else (#FOMO). Not ready to settle down. No, we're not referring to your ex. Renters also often get a bad rap for being more flighty than their homeowner peers. And it isn't completely unfounded. Nearly two-thirds of renters, about 64%, plan to settle down in a different city, according to an Apartment List report . So where do they want to go? And, perhaps more importantly, where do they want to leave? The rental website surveyed about 24,000 renters, nearly two-thirds of whom were millennials, and then dug into its own internal data for the report. Apartment List looked at 50 large metros across the country for the report. It turns out renters in the priciest metros on the coasts, such as New York and San Francisco, and in inland cities where costs are rising rapidly, like Denver and Austin, TX, are the most eager to move. Folks in colder climes where there aren't as many good- paying job opportunities , like Milwaukee...