Florida New Residential Construction Report 2015

New residential construction in Florida was on the rise during 2015, and Central Florida topped the list with a 26% increase in housing starts since 2014. Last week, we reviewed residential construction activity in Georgia and Texas.  This week, we … Continue reading

Merger of Mega-Builders May Reshape the Industry

Standard Pacific has merged with Ryland, a move that will position them to build  homes in 17 markets. Pictured; a Standard Pacific home on offer in Winding Creek, Southlake, TX. Photo courtesy of Standard Pacific.  Whether the reason is competing executive egos or … Continue reading

Multifamily Development Will Stay Strong Through 2017

Nationwide, developers are focused on building more mixed-use luxury multifamily developments such as this one, currently under construction in downtown Miami. Photo courtesy of Constec Developers. Urban developers are counting on the demand for multifamily residences to stay strong over the next two to three … Continue reading

Montgomery Council Office Building Renovation Will Begin Soon

HBW subscribers interested in institutional construction job leads in Alabama will be keen to know that the Montgomery County Council has finally approved a $32 million renovation project for the Council Office Building in the Rockville. The measure was introduced … Continue reading

Alabama’s White-Hot March Residential Housing Market

According to the Alabama Center for Real Estate (ACRE), Alabama’s housing market is exceeding all expectations, and 80 percent of the state’s housing markets have improved over March 2014. Sales for the month exceeded the market forecast for March by … Continue reading

Huntsville’s Torch Remains Bright Through $10 Million Expansion

Huntsville-based IT & Engineering giant Torch Technologies will be expanding their property and their operations through 2016. CEO Bill Roark says that Torch has wanted to expand for the last five years, and that the conditions are finally right to … Continue reading

Multifamily Housing Boosts Birmingham’s Economy by Billions

The multifamily housing boom in Birmingham has brought billions into the Alabama state economy, and the trend is set to continue through 2015. Bryan Davis of the Birmingham Business Journal reports that “the area has had significant impact from the … Continue reading

Construction on Birmingham’s Pizitz Building Starts This Week

Bayer Properties, in association with Wisznia Architecture & Development of New Orleans and Baton Rouge-based Stonehenge Capital, are finally beginning their much-anticipated renovation of the historic Pizitz building in downtown Birmingham. Redevelopment of the 251,210-square-foot building will cost an estimated … Continue reading

HUD Allocates $54 Million to Alabama for Renovation, Repair

On February 12, the U.S. Department of Housing and Urban Development awarded $54,561,426 to Alabama public housing authorities. State agencies will now be able to make major, large-scale improvements to those properties. The funding came through HUD’s Capital Fund Program, … Continue reading