News

Fannie Mae Offering Multifamily Green Buildings Lower Interest Rates

Mortgage lender Fannie Mae is offering lowered interest rates on loans to builders and cooperatives who are developing energy-efficient apartments and multifamily dwellings. Multifamily structures that have been certified with green credentials such as LEED will receive a lower interest rate on refinance, supplemental or acquisition loans through Fannie Mae’s Multifamily Green Initiative. The announcement […]

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Multifamily Construction Halted in South Carolina’s Rock Hill Due to Strained City Resources

A recent boom in multifamily construction in the South Carolina city of Rock Hill has had the unexpected result of straining the city’s resources beyond their limit. In response, the city has ceased most multifamily construction projects until late 2015. The moratorium on South Carolina construction is expected to last until September 2015. It applies

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Unemployment in Construction Lowest in Years, Though Qualified Labor Is Still Hard to Find

After a lengthy period of limited opportunity and uncertainty, unemployment in construction is at its lowest point since 2006. Despite the positive upturn in construction employment, however, some industries and geographical areas are still experiencing unemployment in construction. Qualified construction workers are still in short supply in areas where oil drilling and petroleum production have been

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Denver Condo Construction May Increase if Challenge to Defects Law Passes

A strict Colorado law has restricted construction of condominiums in Denver for the past several years, but recent challenges to that law could result in a more favorable environment for builders and an increase in Denver construction. The Colorado construction defects law of 2005 protects consumers from defects and shortcomings in construction projects. However, the

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Massive Renovation Planned for Smithsonian on National Mall

A planned $2 billion renovation to the Smithsonian Institution in Washington, D.C. will renovate one of the National Mall’s most iconic buildings. In November 2014, the Smithsonian revealed plans for large-scale renovations to the institution’s administrative building, commonly known as the Castle because of its resemblance to a familiar medieval structure type. The extensive renovation

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New Study Explores What Homebuyers Want in an Energy Efficient Home

Interest in residential energy efficiency continues to rise among potential homebuyers in the United States. A new study reveals what homeowners are looking for in an energy efficient home and how likely they are to invest in improved residential efficiency. The 2014 Energy Pulse study, conducted and released by Shelton Group, contains in-depth information on

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