Gravel2Gavel Construction & Real Estate Law Blog
In our latest roundup, voters weigh in on multifamily measures, midterms cloud outlook for data center construction, higher rates spark office market worry, and more!
- Construction industry groups called for collaboration from Congress on transit funding, though employers and unions remain at odds on the future of controversial bills such as the PRO Act. (Zachary Phillips, Construction Dive)
- The widespread Democrat victory increases the likelihood of policy changes around data center construction and a longer wait for surface transportation reauthorization. (Sebastian Obando, Construction Dive)
- HUD has streamlined the process for obtaining Federal Housing Administration-insured construction loan financing for eligible Low-Income Housing Tax Credit multifamily projects. (Julie Strupp, Multifamily Dive)
- Higher interest rates and rising bond yields are putting renewed pressure on America’s office market, raising concerns about a reckoning after it weathered earlier predictions of a crash. (Jennifer Sor, Business Insider)
- U.S. banks tightened lending standards for small firms and major commercial real estate loan categories during the third quarter. (Hugh Leask, CNBC)
- Voters across the country weighed in on funding, zoning, tax and permitting policies that could impact the rental housing industry. (Julie Strupp, Multifamily Dive)