October 2021 Industry Update

October 2021

Real Estate and Development

The Market for Single-Family Rentals Grows as Homeownership Wanes - The number of built-to-rent homes — single-family homes constructed expressly for the purpose of renting — increased 30 percent from 2019 to 2020. Today, they make up about 6 percent of all new homes being built in the United States, and that number is poised to double in the next 10 years. This is the fastest-growing sector of the American housing market, and it is increasingly master-planned and built on tracts. On the fringes of America’s second-tier cities, entire villages owned by large-scale investors are popping up, offering renters who either can’t or don’t want to spring for a down payment another path to the American dream. New York Times
NYC sales are booming mostly without foreign buyers. What happens when they return? - International buyers have been a major missing puzzle piece. This group has long seen NYC real estate as a good investment, especially high-end condos, and foreign investment has driven up prices. But these buyers dried up to a small trickle during the pandemic because of travel bans and Covid concerns, although demand has been picking up recently. Still the NYC market has been recovering pretty well without them. Brick Underground

 

Construction's career crisis: Recruiters target young workers driving the Great Resignation - Skilled trade companies are desperate for talent. Now, that ongoing issue meets a labor market defined by the "Great Resignation"; one report last month estimated that more than one in four workers who started a new job in 2021 left their previous jobs without a new position lined up. Though the motivations of each individual worker may not be clear, observers often tie at least some of that migration to the pandemic. Construction Dive

 

Enhanced Transit Options Boost Midtown’s Wall Street Culture -

Cross multiple subway lines and two major rail hubs servicing hundreds of thousands of riders daily with numerous Class A office buildings, and you get Midtown Manhattan’s multigenerational work culture. Commercial Observer

 

Architecture and Design

6 Design Secrets From the Set of Wes Anderson's 'The French Dispatch' - For design lovers, a new Wes Anderson film is a cause for celebration—and an opportunity to snatch ideas for the decor of your own home.His latest movie, The French Dispatch, transports viewers to postwar France, bringing to life a collection of stories from the final issue of a New Yorker–esque American magazine published in a fictional French city. In the movie, the real-life French town of Angoulême stands in for the imaginary village of Ennui-sur-Blasé (translation: Boredom-on-Blasé). - Elle Decor

 

Sustainable architecture: innovative and inspiring building design -

From amazing abodes to centres of care and hard-working offices, we chart some of the world’s best examples of sustainable architecture, buildings that not only look good but also do good. Wallpaper

 

 

 

 


Comments

No comments posted.
Loading...

If there is anything you would like to read about, please email [email protected]
Subscribe
RSS
Archive
January February March (1) April (1) May June July August September (1) October November December
January February March April May June July August September October November December
January February March April (1) May June July August September October November December
January February March April May June July August September October November December (1)