Dodge Data & Analytics released its 2019 Dodge Construction Outlook, predicting that total U.S. construction starts for 2019 will be $808 billion, staying essentially even with the $807 billion estimated for 2018.
Sales of newly built, single-family homes rose 6.7 percent in May to a seasonally adjusted annual rate of 689,000 units after a downwardly revised April report.
At a seasonally adjusted annual rate of $708.1 billion, new construction starts in February slipped 3 percent from the previous month, according to Dodge Data & Analytics. The reduced activity in February followed a 2 percent decline in January, as the early months of 2018 are showing some loss of momentum after the 12 percent increase reported back in December.
Latitude 33 Planning & Engineering announced the approvals of Merge 56, Pacific Village, and Pacific Highlands Ranch (PHR) Village Commercial Phase II. The project approvals demonstrate Latitude 33’s ability to effectively work with valued clients and decision makers to achieve its clients’ goals.
According to Scott Volling, principal, PwC, “Housing starts and permits for November both exceeded consensus estimates, boosted by the highest number of single family starts since September of 2007."
Located at the center of the spokes that connect greater Detroit, the Monroe Blocks development will make an impact far beyond its surrounding context, it will become a destination, an icon for the future development of Detroit.
Latitude 33 Planning & Engineering announced that the San Diego City Council approved Unitas at Pacific Highlands Ranch. The residential project is one of several recent achievements by Latitude 33’s Planning Department.
On July 6th, The Harman Group, a firm specializing in structural engineering, parking planning and design and construction engineering, celebrated the groundbreaking of the residential tower portion of 700 Jackson Street, a 14-story mixed-use building, located in Hoboken, N.J.
KAI Texas, partnering with the San Antonio Housing Authority and developer McCormack Baron Salazar, recently completed the first phase of a new mixed-income residential development.