Housing and construction news covering home building, real estate development, construction industry, and housing market trends.
Long Beach's historic Veterans Memorial Stadium will be demolished later this month to make way for a $250-million sports complex. The project, funded by Measure LB and slated for completion in 2029, will feature an arena and athletic facilities on the 18-acre site.
Venezuela's National Assembly approved a new housing law on Friday to promote construction following the June earthquakes. The legislation replaces an anti-fraud statute, establishes a developer registry, and includes penalties for non-compliance while awaiting presidential signature.
The article argues that the US Army Corps of Engineers is overstepping its authority under the Clean Water Act by blocking a Utah housing development, exacerbating the state's severe housing shortage. It contends that federal regulators are weaponizing environmental rules against property owners despite recent Supreme Court limitations on such power.
The article argues that deep local scale is a non-negotiable competitive advantage for U.S. homebuilders facing prolonged headwinds like high mortgage rates and affordability constraints. It cites Hovnanian Enterprises' recent earnings miss as evidence that smaller firms struggle to absorb these pressures compared to larger competitors.
Australia will miss its federal goal of building 1.2 million new homes by 18 months, according to the National Housing Supply and Affordability Council. Construction is expected to slow further due to rising costs and three interest rate hikes.
526 Media Group has acquired ARCHITECT, Journal of Light Construction, and a portfolio of construction industry publications from Zonda. The deal establishes 526 Media as the largest B2B media platform for the North American building materials sector, while Zonda retains its Builder publication.
Dream Finders Homes is expanding its Reverie brand to include non-age-restricted "Resort Lifestyle" communities, targeting active empty nesters in their 50s and early 60s. The move allows the builder to capture demand from buyers seeking amenities without age restrictions, following similar strategies by rivals like PulteGroup and Taylor Morrison.
The article argues that the decline in scalable starter home construction stems from a shift away from the post-WWII entrepreneurial model of value engineering and risk-taking. It contends that modern builders have abandoned the affordable, high-volume production approach that originally defined American tract housing.