Housing and construction news covering home building, real estate development, construction industry, and housing market trends.
Mavrek Development and Cross Street started pre-leasing for converting 65 E. Wacker Place into 252 residential units, with first move-ins in August 2026. The $106M project includes 51 affordable units and is supported by $17M in historic tax credits.
This commentary argues that a large real estate development in Vancouver, British Columbia, offers a model for addressing housing crises in cities. It contends that such projects demonstrate how urban areas can increase housing supply through strategic development.
Pennsylvania lawmakers in both parties are advancing multiple housing bills to address the state's housing shortage. The state House passed a bill allowing accessory dwelling units in single-family zoning without extra local review. Governor Josh Shapiro has called for 450,000 new housing units by 2035.
This commentary argues that Connecticut's construction worker shortage is a critical economic issue, causing project delays and cost increases. It highlights a proposed training program as a solution to rebuild the talent pipeline, emphasizing the need for skilled labor to support housing and infrastructure development.
This editorial argues that Anchorage's proposed Missing Middle Housing Opportunity Overlay (MMHOP) is a necessary but insufficient step to address the city's housing shortage. It contends that zoning reform must be paired with reducing regulatory red tape and approval delays to meaningfully increase housing supply and affordability.
Lennar expects Q3 2026 EPS of $1.20-$1.40 and lowered annual deliveries to 82,000-83,000 amid macro uncertainty. The homebuilder delivered 20,519 homes in Q2, near guidance midpoint, with gross margin improving to 15.6%.