article thumbnail

Heated debate over whether Calif.’s prevailing wage requirement stymies affordable housing

BD+C

As a shortage of affordable housing plagues California, the state’s mandates that developers pay prevailing wage on most taxpayer-subsidized low-income housing projects are a source of contentious debate. The cost of constructing low-income housing in California now averages $332,000 per unit.

Housing 63
article thumbnail

U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

real estate recovery is set to continue into 2014, with investors increasingly looking beyond some of the traditionally popular markets to secondary markets in search of higher yields, according to Emerging Trends in Real Estate® 2014 , co-published by PwC US and the Urban Land Institute (ULI). Posted by Heidi Schwartz .

ULI 83
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The average house in NZ will likely ‘earn’ much more than the average salary earner (person) this year!

DebunkTheBIM

Her house - co-owned by partner Clarke Gayford - increased by $350,000 from $770,000 to $1.12 million, a gain of 46 per cent, between 2014 and 2017.” years to match 3 years’ of ‘earnings’ of the current NZ PM’s house probably not doing much (i.e. Take off taxes and that leaves around 42K/year. not even rented out!).

Housing 48
article thumbnail

Commercial Construction Trends and Predictions for 2016

HardHatChat

With economic conditions continuing to improve, the past year brought a significant uptick in large-scale and ground-up commercial construction projects, which put Englewood on track to more than double our volume from 2014 to 2015.

article thumbnail

Maryland Bans Polystyrene and Enacts 31 other New Environmental Laws

Green Building Law Update

House Bill 1166 (passed) authorizes Howard County to impose, by law, such a fee. Senate Bill 249 / House Bill 277 (both passed) authorize the Governor to include the State as a full participant in any regional governmental initiative, agreement, or compact that limits or reduces GHG emissions from the transportation sector.

Maryland 120
article thumbnail

FEATURE STORY: 2014 Economic Development Awards

Buisness Facilities Contributed Content

From the March/April 2014 issue. The focus of our 2014 Economic Development Awards is Achievement. Without further ado, here are the winners of our 2014 Economic Development Awards. This quickly expanding success story has earned the Georgia Department of Economic Development our 2014 Achievement in Cluster Development Award.

Indiana 108
article thumbnail

When Can Buyers Expect an Improvement in Housing Affordability?

Pro Builder

When Can Buyers Expect an Improvement in Housing Affordability? Home prices are expected to fall by 8% in the year ahead, but according to Realtor.com, that doesn’t necessarily mean housing affordability is making a comeback. It also expects single-family-home starts, or new construction, to fall to the lowest level since 2014.

Housing 97