The latest proof that demand for Manhattan condos is reaching new heights can be found, appropriately enough, on the 58th floor summit of the Woolworth Building—once the tallest skyscraper in New York City. The asking price issued by developers for the 8,975-square-foot penthouse is $100 million, the highest ever recorded in downtown Manhattan. It’s a condo that incorporates nine floors in the building, with the main living spaces situated on the 50th and 51st level. Amenities include a great room and wine cellar on lower floors and a library or media room along with an observation deck at the top. Continue reading Demand for Manhattan Condos Evident as Highest-Ever Asking Price Hits $110 Million
Lennar Corporation, the Miami, Florida-based parent company of Lennar Homes, has finished a deal that will increase its California construction operations by some 3,000 homes. Continue reading Lennar Homes Expands California Operation by Approximately 3,000 Homes
Trends in national housing demand often seem like an on again/off again roller coaster—and that’s just the daily figures. Many reports in the mainstream media focus on extremes in construction statistics. Meanwhile, the larger body of data in the middle tends to get left out of the headlines. Recently, comprehensive methods of assessing industry trends have generated more nuanced results that provide a clearer window on today’s national housing demand. Continue reading National Housing Demand: Where Are the Hot Markets?
A major Boston casino construction project is currently underway, but conflicts surrounding the state’s 2011 casino law may stop the project before it can be completed. Continue reading How Casino Laws May Affect Construction in the Boston Area
Significant increases in multifamily residential construction are fueling improvements in the building industry in communities throughout the United States. Increased production of multifamily apartment units formed the basis of this surge in nationwide residential construction, according to sources that include the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Government sources indicate that multifamily resident starts rose almost 40 percent in April 2014. Continue reading Multifamily Residential Construction Surges Nationwide
Progress continues to be made on the high-tech campus at the Apple headquarters in Cupertino, California.
One of the site’s most notable features—the enormous spaceship-style headquarters building that will serve as the area’s centerpiece—was revealed in model form in October 2013. The sprawling building will be the campus’s centerpiece, consisting of a ring-shaped structure highlighted with architectural glass features and topped by an extensive network of solar panels. The building will include a large auditorium, a walking/jogging path and a fitness center, among other amenities. Continue reading More on the Spaceship-Style Apple Campus Construction in California
Encouraging economic news from the construction industry indicates that employment in building and construction is increasing in areas throughout the United States. Continue reading Construction Industry Employment Booms Across the Nation — Here Are the Top Spots
Foamed asphalt offers an alternative to traditional asphalt repair that saves money and labor and reduces traffic disruption. Pavers and road builders know that asphalt isn’t a perfect material for original paving or repair. The service life of asphalt is less than 20 years, which means asphalt roads under heavy use are in ongoing, perpetual repair. The volume of existing material removed during repair is substantial, necessitating heavy truck usage that impedes regular traffic. Recycling asphalt, however, has traditionally proved to be less than ideal in most real-world scenarios. Continue reading Foamed Asphalt: How It’s Being Used as an Environmentally-Friendly Alternative
Construction site safety isn’t a secondary issue when you consider industry statistics. Every year, about 150,000 injuries occur at construction sites. That’s approximately one out of every 10 workers. In a typical year, over 1,000 construction injuries result in fatalities. While some are simple accidents, many result from causes that aren’t random and could have been prevented if safety regulations were observed and employees were properly trained. Continue reading Construction Site Safety: Don’t Neglect These Areas
Houston’s David Weekley Homes has announced plans to expand into the Chicago area in the second quarter of 2014. The move will represent the company’s northernmost presence in home construction, with developments already stretching from Atlanta to Phoenix. Continue reading David Weekley Homes Expands to Chicago Home Construction Market