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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: new construction

new construction stories: 7 news summaries

(Newser) - A decrease in vacant housing inventory and an uptick in sales have home builders ramping up construction for the first time in months, Time reports. Currently, the number of new homes on the market would take an estimated 8.8 months to sell—a far cry from the standard... More »

MORE ABOUT:
housing market • home sales • recession • stock • homebuilders • new construction • economic recovery

Dubai High Rise Would Add Novel Twists

Revolving floors just one of 80-story tower's planned innovations

Jun 26, 08 3:51 PM CDT
(Newser) - If heights make your head spin, a planned 80-story tower in Dubai might not be the place for you. Set to be the "world's first building in motion," David Fisher's design features doughnut-shape floors that rotate 360 degrees around a fixed cement core, the AP reports. It would... More »

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architecture • alternative energy • construction • Dubai • real estate development • new construction • building • architectural plans • energy conservation

glossies

 Daring Architecture 
 Energizes Beijing 

Some buildings work, some don't, but overall vibe among residents is a good one

Jun 25, 08 5:30 PM CDT
(Newser) - Some of the world’s most adventurous architects have found a gung-ho partner in Beijing, the most noticable payoff being the soon-to-be completed CCTV headquarters—"a dazzling reinvention of the skyscraper," writes Paul Goldberger in the New Yorker. Other creations, such as an ovoid peforming arts center dismissed... More »

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China • architecture • Beijing • Forbidden City • cctv • new construction • automobile

 Housing Starts
 Hit 17-Year Low 

March starts plummet 11.9% as foreclosures create glut on market

Apr 16, 08 8:45 AM CDT
(Newser) - Foreclosures and a glut of unsold homes flooding the market were blamed for an 11.9% drop in new housing starts last month, more than twice the slide economists had predicted, reports Bloomberg. Starts are at the lowest level since March 1991, according to the Commerce Department, casting a pall... More »

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housing market • construction • foreclosure • Department of Commerce • new construction • subprime crisis • new housing starts

Building Costs Pinch Budgets

State and local government now struggling to pay for new projects

Jan 26, 08 12:43 PM CST
(Newser) - Rising interest rates, falling tax revenues, and construction costs that have skyrocketed are causing local and state governments to rethink projects as diverse as building new schools, repairing bridges, and roads, even constructing new levees in the Everglades, reports the New York Times. Experts say fast-growing global economies are... More »

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road budget • new construction • tax revenue • state sales tax

Housing Starts Nosedive to Lowest Level Since 1991

Can you even remember the last time a housing report wasn't worse-than-expected?

Jan 17, 08 9:15 AM CST
(Newser) - Housing starts plunged 14% in December, demolishing median analyst estimates, which foresaw a mere 5% dip. November’s numbers were also revised down, reports the Wall Street Journal, from the 3.7% drop originally reported to 7.9%. When the dust settled, construction was at its lowest point since 1991,... More »

MORE ABOUT:
construction • housing • housing starts • housing crisis • new construction • building permit

Chicago's Spire Condos May
Be a Tough Sell

Developer plunges pricey skyscraper into lousy housing market

Jan 14, 08 12:00 PM CST
(Newser) - The Chicago Spire residential tower isn't even under construction yet, but its luxury condos—slated to be sold for unprecedented prices—will come face-to-face with a lousy housing market when the sales office opens today. Prices for units in the twisting skyscraper start at $1,400 per square foot, but... More »

MORE ABOUT:
Chicago • housing market • skyscraper • Chicago Spire • condominium • housing crisis • new construction

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