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Auditing Giant KPMG Fined $18M Linked to Carillion Bankruptcy

ENR Construction

UK levies penalty for firm's misleading regulators into the quality of its financial audit of British contractor before its unexpected collapse under huge debt in 2018.

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Brokers look forward to a commercial real estate market that mirrors 2018’s solid results

BD+C

They are buoyed by strong consumer and business confidence, steady employment growth, and the anticipation of available debt and equity liquidity. Commercial real estate brokers are optimistic about their industry’s growth prospects for 2019, according to a poll of brokers that Transwestern released last month.

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The Future of Housing Could Be Built-For-Rent, Four-Bedroom Homes

Pro Builder

Pair that with the Millennial generation now at homebuyer age, in addition to holding the highest share of student debt in the country, and you have a perfect recipe for a growing demand in built-for-rent, four- and five-bedroom homes. . trillion in student debt, new home purchases are often out of reach. people in 2018.

Housing 52
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Acquisitive RSK looks to raise £500m through stake sale

Construction Enquirer

This would supplement around £500m from its debt finance provider Ares Management building a £1bn takeover war chest to fund an acquisition spree. 2018: revenue doubles to £147m; pre-tax loss £9.3m The ambitious growth target would see its corporate family of engineering and environmental services businesses double from 200 and 400.

Equity 71
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Housing Supply Falls to New Low While Prices Hit New High

Pro Builder

This price rate growth is on par with levels seen in 2016 and 2018, according to Redfin. The housing market was incredibly robust going into the pandemic with household debt at its lowest level in 40 years. For the third time in four months, the national median home price hit a new all-time high. year over year, reaching $323,800.

Housing 52
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How Baby Boomers Are Taking Over the Housing Market

Pro Builder

This means that millennials, already grappling with skyrocketing housing costs from pre-pandemic housing trends and student debt that make saving for a down payment a steep hill to climb, also generally have more competition from their parents' and grandparents' generations than their predecessors did. Read More.

Housing 52
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State of the Construction Industry: January Roundup

Viewpoint Construction Technology

billion in new construction permits issued in 2018, while in-state neighbor Nashville currently has 18 projects underway valued at $100 million or more, including two $1 billion projects. In Chicago, officials are mulling over several design plans for an $8.5 billion expansion of O’Hare International Airport to modernize the facility.