Governor Kathy Hochul today announced completion of a $13 million affordable housing development in Rochester’s El Camino neighborhood. Pueblo Nuevo Phase II created 29 affordable and supportive homes and converted a vacant warehouse into a 10,000-square-foot community center. Together, Pueblo Nuevo Phases I and II provide a total of 104 […]
Housing
What if California could encourage developers to replace shuttered big-box stores, half-vacant offices and decrepit strip malls with apartments, condominiums and townhomes, with some or even all of the units being affordable? And what if the construction workers building those projects were paid union-level wages and, in some cases, received […]
The number of new homes being built in London could halve in the coming years as a result of rising construction costs and development taxes, worsening an already severe supply crunch, according to the boss of the capital’s biggest developer. “[New-build housing] starts have halved since 2015 and could halve […]
Real estate stocks Redfin and Compass have both dropped roughly 25% over the last five days. Both companies announced layoffs this week as the US housing market stalls under pressure from rising rates. Mortgage applications have plunged, and luxury home sales have dropped 18% year-over-year. Loading Something is loading. Stocks […]
The cooling housing market is catching up with Seattle’s real-estate tech companies. With fewer people buying homes, the listing site and brokerage Redfin said Tuesday it would lay off nearly 500 employees. “We don’t have enough work for our agents and support staff, and fewer sales leaves us with less […]
Real estate firms Redfin and Compass are laying off workers, as mortgage rates rise sharply and home sales drop. In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut. Shares of both companies fell Tuesday. Redfin’s stock touched […]
To allow a 125-home development on 30 acres in Tassajara Valley, the Contra Costa County Board of Supervisors on Tuesday voted 4-1 to stretch the urban limit line east of Blackhawk that voters set in 1990. Developers have long sought to build homes there, and the latest proposal — by […]
Check out what’s clicking on FoxBusiness.com. The U.S. housing market is still not “buyer friendly” although, after a whirlwind year, it’s finally heading in that direction, according to industry experts. According to Realtor.com chief economist Danielle Hale, the July housing market is still “demanding quick decisions and top dollar” from […]
Cyclists pass homeless encampments along the bike path in the Venice Beach area of Los Angeles on Wednesday, July 7, 2021. Photo: Jim Ruymen/UPI/Shutterstock “The first thing I want to say is that there are hundreds and hundreds of people who live in Venice who support what we’re doing,” says […]
SAN JOSE — Two veteran home builders will develop new residences on different sections of the current site of a huge San Jose mobile home park. Texas-based developer Hanover Co. will build hundreds of apartments and Georgia-based Pulte Homes will build hundreds of for-sale houses on the site of Winchester […]