New construction in January 2024 started strong, with 6% growth over January 2023. This represents the 5th month in a row of positive YoY growth for new construction as the segment continues to rebound from a difficult 2023. In terms of annual growth, markets in the Southwest (+14%) and Southeast (+16%) drove were the primary growth drivers in the month, while midwest … [Read more...]
A closer look at the Fed’s ‘wait and see’ strategy
The CPI came in at 3.1% in January, trending in the right direction yet 10-20 basis points higher than some a the Fed expected. And still 110 basis points away from hitting their ultimate 2% target. Speaking at the University of St. Thomas, Opus College of Business, Minneapolis, MN, Christopher Waller (member of the Fed's board of governors) succinctly summed up what seems … [Read more...]
Explaining The Economist’s stat about new housing permits in Houston
In a recent article on Houston's growth, The Economist wrote: Paradoxically, perhaps the city’s biggest strength is its sprawl. Unlike most other big cities in America, Houston has no zoning code, so it is quick to respond to demand for housing and office space. Last year authorities in the Houston metropolitan area, with a population of 6.2m, issued permits to build 64,000 … [Read more...]
LegalZoom goes solar
In March 2013, LegalZoom purchased a 206,000 square-foot building in Northwest Austin. Austin is a great city and there are a million reasons a company would want to set-up an office there; in LegalZoom's case, there were a million-and-one: the City of Austin actually entered into a partnership agreement of sorts, to provide LegalZoom with an annual development grant of $20,000 … [Read more...]
Construction commences on Aurora, CO marijuana grow facility
Back in December we shared some of the notable marijuana build-outs across the US, which illustrated how the Colorado construction industry was benefiting from the pot economy. More recently, our permit records reveal that The Augusta Group had started a $650,000 tenant improvement project to build a marijuana grow facility in an office park at 482 North Laredo Street. The … [Read more...]
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