Eden House residential development will rise 16 stories in Nashville
BD+C
AUGUST 9, 2021
Eden House, a 16-story, 111-unit residential tower, is set to rise in the affluent Green Hills community south of Nashville.
Nashville college opens shipping container dorm
Construction Dive
AUGUST 23, 2023
The $4 million project at Fisk University will help house students while a new residence hall is under construction.
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Hastings Architecture creates its new HQ from a former Nashville Public Library building
BD+C
FEBRUARY 25, 2020
225 Polk, a former Nashville Public Library building, has undergone an adaptive reuse project to become the new HQ for Hastings Architecture. The building also houses the United Talent Agency and space for McAlpine, a residential architecture and interior design firm.
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As Rental Costs Rise and Wage Growth Slows, Housing Affordability Worsens
Pro Builder
JANUARY 31, 2023
As Rental Costs Rise and Wage Growth Slows, Housing Affordability Worsens ibush Tue, 01/31/2023 - 15:26 Homebuyers and renters continue to be priced out of an increasingly unaffordable housing market For the past two years, renters across the U.S. an hour and have been among the hottest housing markets in the country in recent years.
Housing Market Shows First Signs of Normalizing in 2023—Here’s What That Means for Homebuyers
Pro Builder
JANUARY 12, 2023
Housing Market Shows First Signs of Normalizing in 2023—Here’s What That Means for Homebuyers. housing market has been largely characterized by frenzied home sales, soaring costs, and an ever-widening supply deficit, but according to MarketWatch, conditions seem to be improving. Nashville, Tenn. Thu, 01/12/2023 - 11:45.
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Home Price Gains Expected in Unseasonably Warm Winter Housing Market
Pro Builder
DECEMBER 17, 2021
Home Price Gains Expected in Unseasonably Warm Winter Housing Market. Zillow’s November 2021 market report shows strong activity in a typically slow season for the housing market. The fastest was in Nashville (2.6%), Orlando (2.4%) and Atlanta (2.3%). . Fri, 12/17/2021 - 09:56. fewer homes for sale after a 6.1%
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Amazon to Invest $2 Billion in Affordable Housing
Pro Builder
JANUARY 7, 2021
Amazon to Invest $2 Billion in Affordable Housing. Amazon.com Inc intends to invest billions into affordable housing in three areas where it employs the most workers: Seattle, Arlington, Va., and Nashville. Investments in affordable housing in these areas are planned to continue for the next five years. Housing Markets.
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Migrating Buyers Are Taking Over Regional Markets With Big Budgets
Pro Builder
FEBRUARY 15, 2022
Relocating Americans are going toe-to-toe with local buyers in popular metros like Nashville and Philadelphia, and with inflated budgets, newcomers are sweeping the competition and laying down their roots for good. The average out-of-town budget for Nashville home buyers in 2021 was $736,900, 28.5% Housing Markets.
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Amazon Commits $300 Million for Affordable Housing
Pro Builder
JUNE 17, 2021
Amazon Commits $300 Million for Affordable Housing. and Nashville. The company will use $300 million from its Housing Equity Fund for the development of the units in the cities where its headquarters are located, but it’s just a part of Amazon’s $2 billion commitment to invest in its cities. Housing Markets. cbroderick.
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As the East Coast Booms, Home Prices Are Falling in the West
Pro Builder
MARCH 27, 2023
As the East Coast Booms, Home Prices Are Falling in the West ldeakins Mon, 03/27/2023 - 11:50 After a two-year housing boom, the U.S. has seen unprecedented price gains and fast-paced buyer activity, but as a housing correction takes hold, some markets are seeing bigger changes than others. On the contrary, the Eastern half of the U.S.
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Experts Say This City Will Be the Nation's Hottest Market
Pro Builder
JANUARY 19, 2021
Phoenix, Nashville, Tampa, Denver, and Austin all experienced a hot market last year, but these metros' upward trajectory is not predicted to end this year. Austin, TX will lead as the hottest housing market, Zillow says. Phoenix came in second with 69%, followed by Nashville (67%), Tampa (60%), and Denver (56%). . cbroderick.
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Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale
Pro Builder
JUNE 5, 2023
is battling a severe shortage of for-sale housing, leading to frenzied bidding wars, inflated home prices, and a stalemate between wary buyers and sellers. Compare that to the West and South, where hot markets like Austin, TX, Nashville, TN, and Sarasota, FL, have seen inventory more than double compared with this time last year.
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Bridgestone Americas Celebrates Groundbreaking for Headquarters in Downtown Nashville
Construction Superintendent Magazine
JANUARY 7, 2015
NASHVILLE, Tenn. -- Bridgestone Americas, Inc., a subsidiary of Bridgestone Corporation, celebrated the groundbreaking for its new 30-story, more than $200-million headquarters to be located in the SoBro area of downtown Nashville, Tennessee. frontpage'
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Active Inventory Is on the Rise in These US Metros, but New Listings Are Slowing
Pro Builder
MARCH 9, 2023
Of the 40 markets tracked in Bill McBride’s CalculatedRisk Newsletter, Denver, Las Vegas, and Nashville, Tenn., Read more Housing Markets New-Construction Projects Housing Markets posted the strongest annual inventory gains of 208.2%, 231.6%, and 191.2%, respectively. Last month, new listings in these markets were down 19.7%
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Lowe's Partners With National Nonprofit to Revitalize Neighborhoods Across US
Pro Builder
JUNE 23, 2023
As part of a multiyear effort, Rebuilding Together and Lowe's will partner to improve housing and health resources for underserved communities through a number of building initiatives, including six multi-home rebuilds in Miami, Richmond, Va., Nashville, Tenn., San Jose, Calif., Dayton, Ohio, and Upper Ringwood, N.J.,
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America’s Up-And-Coming Boom Towns
Pro Builder
DECEMBER 28, 2021
The rankings compared population growth and household income to the region’s total number of businesses and housing units over a five year period. . about 35 miles southeast of downtown Nashville, which finished in the top 20 percent of cities in most of the metrics the study considered. Housing Markets. Housing Markets.
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Two Leading Women in Construction Events Unite
Pro Builder
MARCH 20, 2023
The new Women in Residential + Commercial Construction Conference (WIR+CC) will take place in Nashville, Tenn., Plus, plenty of fun in the Music City—Nashville. We cannot wait to see each of you in Nashville from Oct. October 25-27. WIR+CC’s mission is to build up women in construction.
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Brasfield & Gorrie Completes New Student Housing at Vanderbilt University
Construction Superintendent Magazine
AUGUST 11, 2014
NASHVILLE, Tenn. -- Brasfield & Gorrie announced the ahead-of-schedule completion of a $94-million student housing project at Vanderbilt University in Nashville, Tennessee. The general contractor completed the new Warren and Moore residential colleges at Vanderbilt University 10 weeks ahead of schedule. frontpage'
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Does Your Market Make the List of Best Cities for First-Time Buyers?
Pro Builder
JUNE 3, 2021
Tennessee and Nevada both have two cities in the top 10 alone: Nashville, Murfreesboro, Tenn., Nashville, TN. Nashville, Tennessee ranks in the top 10% of cities for three of the four categories that we considered: home market favorability, affordability and employment. Housing Markets. Housing Markets.
Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales
Pro Builder
JULY 18, 2022
The nation's hottest housing markets aren't so hot anymore. Considered by Fortune to be the “poster child of the Pandemic Housing Boom,” Boise became a haven for white-collar workers who left cities like San Francisco and Seattle during the rise of remote work. Housing Markets. Mon, 07/18/2022 - 10:17. What's going on?
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Homebuyer Competition Fell to 15-Month Low in May
Pro Builder
JUNE 20, 2022
Homebuyers are pumping the brakes on home purchases and backing out of bidding wars as rising mortgage rates slow a booming housing market. As buyer demand cools, bidding wars are becoming less frequent in popular housing markets, and sellers are seeing fewer offers compared with a mid-pandemic housing boom. Housing Markets.
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Typical U.S. Asking Rent Surpassed $2,000 in May
Pro Builder
JUNE 10, 2022
Asking rents exceeded $2,000 for the first time in May, revealing a widening affordability crisis spilling over from a supercharged housing market. As rental demand skyrockets amid an affordable housing crisis, the median monthly asking rent in the U.S. rose 15% year-over-year to surpass $2,000 for the first time in May.
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Are Million-Dollar Homes Shrinking?
Pro Builder
AUGUST 30, 2022
Nashville, which, like Phoenix, experienced an especially hot pandemic housing market, saw the typical million-dollar home drop from 4,200 square feet to 3,181. House Styles. House Plans. There were only two metros where the size of a million dollar home increased – Minneapolis and St. Market Data + Trends.
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Monthly Mortgage Payments Outpace Rental Costs Nationwide
Pro Builder
JUNE 23, 2022
In the meantime, an already booming rental market could see even more substantial growth that will leave priced out buyers and renters with few options for affordable housing. Nationally, the cost of owning is 31 percent higher than renting, but the disparity is greater in metropolitan areas where housing prices have surged, the report said.
Chicago's Magellan Development Group builds national presence with new luxury apartments
BD+C
AUGUST 21, 2013
.– Chicago-based Magellan Development Group, one of the Midwest’s most prolific large-scale, mixed-use developers, is building a national footprint through two mixed-use projects in Minneapolis and Nashville. Multifamily Housing Construction' Exclude Content: Yes.
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Zillow Predicts Home Sales to Peak This Fall
Pro Builder
OCTOBER 5, 2020
Buyers are still extremely keen to purchase houses, with newly pending sales up 21.8% Nashville posted the longest typical time on market (33 days). . These predictions are based on this summer’s strong sales, a pushed back buying season, and future sources of economic uncertainty. . compared to the same week a year ago.
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Investors Plan to Spend $1 Billion on Single-Family Rentals
Pro Builder
JUNE 9, 2021
Today, nearly 30 states are home to such developments cropping up outside cities like Phoenix, Nashville, and Atlanta, according to the Wall Street Journal, "We didn't want to get into homeownership," Joe Paul, a resident of a community in Arizona, told the Journal. "We We still want to travel and don't want to have to maintain a house.".
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How NAHB Members Can Benefit From Biden’s New Infrastructure Measure
Pro Builder
NOVEMBER 23, 2021
The new law ends a tax liability for builders installing new water or sewer infrastructure to support additional housing in areas served by a corporate, for-profit water utility. 31, 2020, ends this tax liability and could not come soon enough for James Carbine, a residential builder/developer in the Nashville area.
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January Homes Sold at a Record Pace Despite Low Inventory
Pro Builder
FEBRUARY 10, 2022
Prospective home buyers are facing record low existing supply as well as a lack of new listings in a fast-selling market, particularly in metropolitan areas like Denver and Nashville, where homes are selling in an average of just 35 and 29 days, respectively. Housing Markets. Housing Markets. Market Data + Trends.
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How to design for adaptive reuse: Don’t reinvent the wheel
BD+C
AUGUST 17, 2023
After the 2008 financial crisis when malls began shuttering and sitting vacant at a rapid rate, Gresham Smith became a pioneer in this approach, most notably through our work to re-envision One Hundred Oaks Mall in Nashville, which is now a successful, mixed-use medical office destination.
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Out-Of-Town Buyers Are Willing to Pay 30% More Than Locals in the Hottest U.S. Markets
Pro Builder
FEBRUARY 16, 2022
People relocating to the hottest housing markets have nearly 30% more to spend on homes than local buyers, stirring up even more competition in an already heated market, Bloomberg reports. New arrivals in Nashville, Tennessee, had $736,868 to spend on homes in 2021, 28.5% Some of the most competitive cities in the U.S.
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Zillow’s October 2021 Market Report
Pro Builder
NOVEMBER 19, 2021
Why the housing market may finally be cooling off. Low housing inventory and home value appreciation signal a cooling market despite year-over-year highs for the month of October, Zillow reports. Louis (0.4%), while the fastest was in Raleigh (2.7%), Nashville (2.4%) and Atlanta (2.3%). Housing Markets.
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Mortgage Rates Could Drop to 5.4% In 2023—Here’s What That May Mean for Home Prices
Pro Builder
OCTOBER 24, 2022
According to Case-Shiller, home prices fell month-over-month from June to July for the first time in 20 years, and a more budget-conscious buyer pool could see housing costs fall even further as stalled house hunters wait patiently on the sidelines. But he also warned that some markets may actually see home prices drop.
Is the American Dream Becoming Less Achievable?
Pro Builder
SEPTEMBER 15, 2020
As home prices continue on an upward track, housing inventory only stretches thinner, and as the economy remains weak, this may not be the ideal time for first-time buyers. The American dream is less attainable today than it was in the past," says Ken Chilton, a public administration professor at Tennessee State University in Nashville.
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Three interconnected solutions for 'saving' urban centers
BD+C
MARCH 16, 2023
Andy Cohen, FAIA, IIDA Multifamily Housing Office Buildings Transit Facilities Coronavirus Urban Planning Many believe that cities are in trouble. Signal House, Washington, D.C. Fifth + Broadway, Nashville, Tenn. They might be right. Offices that Work for the Worker Marriott Headquarters, Bethesda, Md.
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Is the American Dream of Home Ownership Achievable Anymore?
Pro Builder
SEPTEMBER 15, 2020
As home prices continue on an upward track, housing inventory only stretches thinner, and as the economy remains weak, this may not be the ideal time for potential first-time buyers. House prices have appreciated faster than wages for a long time. Is the American Dream of Home Ownership Achievable Anymore? cbroderick. Economics.
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Snapshots: 60 Seconds… With Bill Hagerty, Commissioner, Tennessee Department Of Economic And Community Development
Business Facilities
AUGUST 27, 2014
Reno got clobbered by the Great Recession, hit by a double-whammy of shriveled tourism and a decimated housing market. percent, its housing prices are rising and just about every week brings the arrival of a new tech company. BF: You recently announced that software player ForceX is putting its operations center in Nashville, a $1.8-million
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David Drees: Best Practices for Managing a Private Home Building Operation
Pro Builder
AUGUST 15, 2022
Housing's New Now. Using our unique, in-house architecture team and technology platforms, we’re able to design custom-crafted homes (see some of our work, below) on a production platform. Nashville, Tenn., Measurement Fails in Business, Part I. What Homeowners Want From Pros [VIDEO]. Home Building With a Customer-First Approach.
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Logistics: No Drivers Needed
Business Facilities
OCTOBER 30, 2017
CONNECTING NASHVILLE TO LONDON, AND BEYOND. Whether for business or leisure, more and more people are traveling internationally, allowing traditionally smaller cities, like Nashville, Tennessee, to enjoy a global spotlight like none other while attracting millions of visitors each year. Building the Future of Air Travel in Nashville.
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The US Civil Rights Trail: How to plan a civil-rights themed road trip in the South
Construction Test
APRIL 25, 2020
From Birmingham, we head north, across the Tennessee border, to Nashville. After the bombing, more than 3000 people marched in silence to Nashville City Hall to confront Mayor Ben West about the escalating violence. You can learn more about these events in the Civil Rights Room at the Nashville Public Library. Alexander Looby.
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?Was Not? versus ?Is So?: Court Clarifies Whether Exceeding Monetary License Limit Affects Contractor?s Recovery
Best Practices Construction Law
JUNE 18, 2018
After a great extended weekend on the beaches of Florida, we embarked upon the drive back to Nashville with six kids. Here’s how it went down: On June 2, 2008, contractor entered into an agreement with owner to construct house for $572,000, but at the time the contract was signed the contractor’s license limit was $350,000.
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General Assembly Moves to Repeal Tennessee's Prevailing Wage Act
Best Practices Construction Law
APRIL 18, 2013
When I moved to Nashville in 2006, I was sworn into the Tennessee bar by a local judge. My partner happened to be in trial on a significant prevailing wage dispute, and the court a break during the trial to admit me to the practice of law in Tennessee.
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Share of Built-for-Rent Housing Expected to Double by 2024
Pro Builder
JUNE 10, 2021
Share of Built-for-Rent Housing Expected to Double by 2024. These economic forces and generational preferences are creating a new kind of housing: the landlord suburb. I am the president of your HOA,” as Nashville developer and landlord Bruce McNeilage puts it. cbroderick. Thu, 06/10/2021 - 09:57.
Housing 52
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Home Prices Are Starting to Drop Across the U.S.—Here Are the Markets Seeing the Biggest Declines
Pro Builder
JULY 6, 2022
A housing correction is underway, and the nation's hottest markets will be the first to see major price reductions over the coming months. The biggest jumps in listings were in markets like Raleigh and Charlotte in North Carolina and Nashville on a month-over-month basis. Housing Markets. Housing Markets.
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