Gravel2Gavel Construction & Real Estate Law Blog
In our latest roundup, office vacancies fall, fair housing advocacy groups sue HUD, foreign buyers reduce purchases of U.S. residential real estate, and more!
- After a brief slowdown to begin the summer, data center construction planning momentum picked up in July, again shining as the brightest sector in building. (Zachary Phillips, Construction Dive)
- The number of finished multifamily construction projects declined last year — welcome news for multifamily operators eager to work through the recent supply wave — and a record share of new apartments were high-density. (Julie Strupp, Multifamily Dive)
- Fair housing advocacy groups sued the U.S. Department of Housing and Urban Development, claiming the agency’s funding restructuring drastically reduces their ability to receive funds from the Fair Housing Initiatives Program. (Ryan Kushner, Multifamily Dive)
- Commercial real estate has reclaimed its standing as the preferred asset class among investors, outpacing stocks, bonds, and cash. (Yahoo)
- Foreign buyers are pulling back sharply from U.S. residential real estate, but one segment of the nation’s homebuilders is still seeing strong international demand. (Diana Olick, CNBC)
- Office vacancies fell 30 basis points to 18.3% in the second quarter, the largest quarterly drop since 2015. (Joe Burns, Facilities Dive)