…the development and construction industries are truly on the up. Recently released housing market figures all signal a promising trend: the development and construction industries are truly on the up. The latest US Census Bureau/Department of Housing and Urban Development report for New Residential Construction showed that building permits have surged for both single family and multifamily units in the last few months. Home building permits reached the highest level in more than 5 years in October (to an annual rate of 1.03 million), while applications for multifamily permits rose by more than 15 in the same month and by no less than 20.1% in September. Figures for housing starts and completions were postponed until December 18 as a result of the government shutdown, but I expect these to show a similar upward trend.
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June 06, 2025
In March 2025, the Federal Housing Finance Agency (FHFA) rescinded its 2022 directive that had imposed standardized radon testing requirements on all multifamily properties financed through Fannie Mae and Freddie Mac. The new radon policy was effective immediately; however, the agency guidance documents would be updated at a later date.
June 02, 2025
Matthew Marcus, Managing Director at Partner Engineering and Science Inc., was recently featured as a guest speaker by The Ground Investigation Podcast. He shares his extensive experience in geotechnical engineering, seismic resilience, and project management.
May 30, 2025
In today’s economic landscape, commercial real estate owners must use every tool available to protect the value of their facilities. One such tool that is often overlooked or mismanaged during a real estate acquisition is the existing roof warranty. Transferring an existing warranty ensures that your roof remains covered under manufacturer protections, preventing the risk of unexpected repair costs.
