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Transit agencies agree to share certification of minority contractors

Construction Dive

Chicago and Philadelphia’s reciprocal arrangement for disadvantaged businesses could become a national model, organizers say.

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Comcast to build second Philadelphia skyscraper, with Norman Foster-designed tower [slideshow]

BD+C

Comcast Corporation announced last week its plan to build a second skyscraper in Philadelphia, adjacent to its current global headquarters, the 58-story, 973-foot Comcast Center.

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These Risky Real Estate Markets Could See a Downturn in the Coming Months

Pro Builder

Eight counties in the Chicago metro area and six in New York made ATTOM’s recent list of the 50 most at-risk real estate markets in the nation, Realtor.com reports. The most vulnerable counties in the Chicago metro area were Cook, DeKalb, Kane, Kendall, Lake, McHenry, and Will counties in Illinois and Lake County in Indiana.

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Homeownership Is Becoming the More Affordable Option in Most Housing Markets

Pro Builder

Lost Angeles, Chicago, and Phoenix, renting is still more affordable than buying, particularly as renters benefit from rising wages that outpace rent growth. Buying is more affordable than renting in the following areas with a population of 1 million or more: Houston, San Antonio, Detroit, Philadelphia and Tampa.

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NAHB Releases Its 2022 “Priced Out” Estimates, and They Could Spell Trouble for Thousands

Pro Builder

The metropolitan areas which would be most affected by a sudden price gain include New York-Newark-Jersey City, NY-NJ-PA, and Chicago-Naperville-Elgin, IL-IN-WI, where 4,734 and 4,273 households would be priced out, respectively. Affordability. Market Data + Trends. Housing Markets.

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As Inflation Slows, Demand Rebounds Ahead of 2023

Pro Builder

They declined 1% or less in Anaheim, CA, Chicago, Philadelphia, Seattle, Riverside, CA, Phoenix and Las Vegas. . Prices fell 7.3% year over year in San Francisco, 5.8% in San Jose, CA, 3.3% in Los Angeles, 3% in Austin, 2.6% in Pittsburgh, 2% in Oakland, 1.9% in Detroit and 1.8% in Sacramento. Affordability. New-Home Sales.

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3 affordable housing projects that serve as social catalysts

BD+C

Without stable shelter, it all falls apart,” Pulitzer Prize-winning sociologist Matthew Desmond told the Chicago Tribune on publication of his book Evicted. Harrison Plaza now favors residents 55 and older who are at or below 60% of AMI for North Philadelphia. Rather, they’re designed to cultivate a true sense of community.

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