Homebuilders

The Gary Sinise Foundation and Elan came together to create a custom home for a military veteran in need. 

On April 24, 2012, U.S. Army SSG Christopher Walker lost his left leg and both of his arms after being struck by an IED in Afghanistan. Walker was flown to Walter Reed National Military Medical Center in May 2012, where he remained for more than two years. When the Gary Sinise Foundation’s Restoring Independence, Supporting Empowerment (RISE) program learned about Walker’s bravery, it honored him as the recipient of a fully customized specially adapted smart home.

GreenBuilding

To fight the heat-island effect in Dallas, companies and groups are working together to add trees and reduce the temperatures. 

Climate change is affecting the way we live in a number of ways, with cities being impacted differently than rural areas. No one wants their quality of life impacted, so it’s important to understand what changes are occurring and how to stop or deal with them. For example, in its 2017 Dallas Urban Heat Island Effect report, Texas Trees Foundation shows the results of a year-long study of the impacts and implications of air temperatures at the neighborhood level. Most notable among the study’s results: Dallas is heating up faster than every city in the country except for Phoenix.

Developers

A new luxury apartment community opens to residents in Denver, bringing with it a prime location and numerous amenities. 

Country Club Towers II & III, a Broe Group development, opened to its first residents in August, bringing a million square feet of premier luxury living to Denver. The iconic two-building structure, located at Bayaud and Downing, is surrounded by Denver's Wash Park, the Cherry Creek neighborhood, downtown Denver and Country Club.

"With Denver-area housing inventory at record lows, consumers are choosing the benefits of luxury apartment communities without the commitments and risks of home ownership," says Walter Armer, vice president of development for the Broe Real Estate Group. "Country Club Towers II & III feature the best of Denver luxury apartment living – the ideal location, the city's best views and the most premium amenities."

Design

More often, homebuyers want homes that maximize the outdoor space. 

Outdoor living is becoming just as important as the indoors. According to a consumer survey conducted by Wakefield Research on behalf of Taylor Morrison, recent and prospective homebuyers are craving green space. More than half (56 percent) of homebuyers surveyed would be willing to sacrifice a larger house to obtain a bigger yard.

The survey also found the most important exterior feature of a home is distance from neighboring homes. Both millennials (48 percent) and non-millennials (53 percent) believe this breathing room is key, beating other curb appeal elements such as siding, driveway styles, exterior paint color and roofing finishes.

NJPAOpener

International buyers can have a large impact on home values at the top of the market, according to a new survey. 

International buyers of residential real estate in the United States don't have a significant impact on the overall housing market. They are more influential at the top end of the market, according to the 2017 Q2 Zillow Home Price Expectations Surveyi.

The quarterly survey, sponsored by Zillow and conducted by Pulsenomics LLC, asked more than 100 housing experts and economists about the impact of international buyers on the U.S. real estate market. Overall, international buyers have a modest effect on inventory and home values, according to the panelists. At the high end of the market, though, the respondents said international buyers have a major impact on home values.

Since the housing crash, housing affordability has been a significant issue for many Americans. Rapidly increasing rents had the dual effect of financially incentivizing homeownership and making it harder to save for a down payment. At the same time, lagging new construction and high negative equity rates have kept inventory low, pushing up home values and making it harder to find an affordable home. Increased activity from international buyers of U.S. real estate has also fueled concerns about affordability.

MgmtAdvice

Entrepreneurs from the class of 2017 should know these key aspects of construction.

By Todd Andrew

I recently had the privilege of speaking to construction students at a local college, and quite a few expressed a desire to run their own company or work as a general contractor. It dawned on me that, very soon, these young people will be in a position to start making their dreams a reality. So with graduation season upon us, here are 17 tips for all the budding entrepreneurs in the class of 2017:

Homebuilder

Detroit’s formerly underdeveloped communities wait to break ground on a historic residential development.

by Kat Zeman

Once economically depressed, five Detroit neighborhoods are experiencing a prosperous comeback. In September, the communities between the city’s midtown and downtown will kick off what is being forecasted as Detroit’s big economic revival.

The District Detroit - a network of five mixed-use neighborhoods that include residential, office, retail and green spaces - has long been working to redevelop a 50-block area surrounding the new Detroit Events Center. This fall, the district’s labor will finally bear fruit. The events center - along with a number of restaurants, shops and offices – will open its doors and kick the city’s economic slump to the curb.

In addition, District Detroit is anxiously waiting to break ground on new 686-unit residential development, the single-largest housing project for Detroit in the past 20 years. A number of those units are to be used for low-income housing.

GreenBuilding

Builders need to take a close look at sustainable project requirements. 

By George D. Carry

Since 2000, commentators in the design and construction industries have questioned whether the green building movement would become mainstream or would fade away. More than 15 years later, it is clear that efficient, sustainable, and “green” project development is here to stay. The federal government and the majority of state and local governments have adopted programs and legislation that encourage or require energy efficient and resource-friendly building through green building codes and tax credits.

The U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system is the recognized leader in commercial green building certification. In addition, other green product certifications and building rating programs have emerged over the past decade including the Green Building Initiative’s Green Globes program, Energy Star building certification and the International Green Construction Code.

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