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    Seventh 100 percent affordable apartment building breaks ground in Mission District – Mission Local - October 24, 2020 by Mr HomeBuilder

    Construction has kicked off on a nine-story, 130-unit apartment building at 18th and Florida streets in the Mission and, once complete, apartments there will be entirely below-market-rate.

    Mayor London Breeds Friday announcement of the groundbreaking at 681 Florida St. means that seven of the eight 100 percent affordable projects proposed in the Mission years ago totaling some 800 units are either filled, taking applications, or under construction.

    We know as a community that Casa Adelante 681 Florida is an integral part of reversing the displacement of the Latinx and immigrant community, said Karoleen Feng, the director of community real estate at the Mission Economic Development Agency, which is co-developing the project with the Tenderloin Neighborhood Development Corporation.

    We are equally excited for the Mission community to see this space once again be reimagined as a home for the arts, Feng said.

    The building will provide a mix of one to three-bedroom apartments whose rent will range from 35 to 85 percent of the area median income. (Thirty-one percent of the area median income for one person in San Francisco is $31,400, and 85 percent is $76,200 for a single person.)

    Construction is expected to wrap up in August 2022.

    Carnaval San Francisco, a nonprofit that organizes the annual Carnaval Parade event but has since organized around community Covid-19 support, will occupy the ground floor.

    The project will cost $90.3 million to build. The developers received $35 million from the Mayors Office of Housing and Community Development.

    The property on Florida Street between 18th and 19th streets is one of seven 100 percent affordable projects to break ground in the Mission in the last two years. It was granted to the city by Nick Podell as part of the community benefits package for 2000 Bryant St., a now-completed 195-unit market-rate building on the same parcel.

    Roberto Hernandez, a community activist and artistic director of Carnaval San Francisco, said the Mission community fought Podell hard for the slice of land after Cell Space, an artist hub, was evicted there to make way for luxury development.

    We come full circle and look forward to sharing the space with artists and arts organizations and serving the residential community! Hernandez said.

    Our coverage depends on you. If you havent already, pitch in. If you have, many thanks. We could not do this without you.

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    Seventh 100 percent affordable apartment building breaks ground in Mission District - Mission Local

    Governor Cuomo Announces Start of Construction on $14.5 Million Affordable Housing Development in Batavia – ny.gov - October 24, 2020 by Mr HomeBuilder

    Governor Andrew M. Cuomo today announced that construction has begun on a new 55-apartment affordable housing complex in the City of Batavia, Genesee County. The $14.5 million development includes 28 apartments set aside for veterans who have a history of homelessness and who need supportive services in order to live independently.

    "New Yorkers and their families deserve safe, affordable homes, and veterans who have struggled with chronic homelessness are no exception,"Governor Cuomo said."This exciting new project in the City of Batavia will help our veterans who have given so much for our nation. Providing them and other area residents with new housing will provide comfort and financial security during a difficult time."

    "All New Yorkers, especially our brave veterans who served to protect us, should have a roof over their heads and the decency of a good home,"said Lieutenant Governor KathyHochul."This housing development in Batavia will provide affordable housing for people in the area, including veterans who have struggled with homelessness and need supportive services. Now more than ever, as we continue to battle the COVID-19 pandemic, we want to make sure New Yorkers have the resources and services they need to live healthy and safe lives. This project in the Finger Lakes is part of our efforts across the state to build back better and more inclusive and enhance quality of life."

    Liberty Square is part of Governor Cuomo's commitment to providing all New Yorkers with access to safe, affordable housing under the State's unprecedented $20 billion, five-year Housing Plan. The plan makes multifamily housing accessible and combats homelessness by building and preserving more than 100,000 units of affordable housing and 6,000 units of supportive housing.

    The development will rise on a site made vacant by the demolition of three derelict buildings on East Main Street. The new four-story Liberty Square will have 55 affordable apartments serving households earning 60 percent or less of the Area Median Income. Six of the apartments will be fully adaptable for people with mobility impairment and three separate units will be equipped for people with audio or visual impairment.

    Twenty-eight of the apartments will be dedicated as supportive housing for formerly homeless veterans receiving services and rental subsidies through Governor Cuomo's Empire State Supportive Housing Initiative. Eagle Star Housing will provide supportiveservices and will have an office and counseling space on-site. The project's developer is Home Leasing.

    There are eight studio, 39 one-bedroom and eight two-bedroom apartments.Shared amenities includea community room, a fitness center, private patios and balconies, secure interior bicycle storage, raised garden beds, a fenced playground, an on-site management office, on-site parking, and bulk storage incorporated into the apartments.

    Energy efficiency and Green Building design requirementswill be incorporatedthroughout the complex, including Energy Star appliances and fixtures in all apartments. This will allow certification under NYSERDA's Low-Rise New Construction Program and Enterprise Green Communities Version 2015 program.

    New York State Homes and Community Renewal financing for Liberty Square includes federal Low-Income Housing Tax Credits that will generate $10.5 million in equity and nearly $4 million from the Supportive Housing Opportunity Program. In addition, NYSERDA will provide a grant of $53,000under its Low-Rise New Construction Program.Redstone Equity Partners is the Low-Income Housing Tax Credits equity investor and Five Star Bank is providing construction financing for the project.

    Since 2011, HCR has dedicated $604 million in the Finger Lakes Region to finance 95 multifamily developments, resulting in the creation or preservation of nearly 7,500 affordable homes, including 216 in Genesee County. HCR's investment in the region has leveraged $890 million more in funding from other sources.

    HCR CommissionerRuthAnneVisnauskassaid, "The COVID-19 pandemic has caused previously unimaginable harm and disruption, but it hasn't stopped the team at HCR from carrying out Governor Cuomo's mission to create, preserve and protect affordable housing across the state. It is intensely gratifying to see this essential work continue with Liberty Square - especially when the development dedicates 28 homes for our heroes, as this one does, and another 27 for families. I thank and commend the HCR team and our partners and look forward to welcoming the new tenants to this wonderful new building in Batavia."

    New York State Office of Temporary and Disability Assistance Commissioner Mike Hein said,"We have an obligation to ensure all New Yorkers have a safe, stable place to call home - especially those who have served in our nation's armed forces. Liberty Square will provide a fresh start for more than two dozen veterans in Genesee County, while breathing new life into a formerly derelict swath of East Main Street. Projects like this continue the work started by Governor Cuomo's landmark five-year housing plan and reaffirms New York's steadfast commitment to ending homelessness among our veterans once and for all."

    New York State Energy Research and Development Authority Acting President and CEO Doreen M. Harris said,"Delivering the benefits of our green economy to allNew Yorkers, especially our most vulnerable residents, is a hallmark of Governor Cuomo's clean energy transition and nation-leading climate agenda. Transforming neglected properties or sites into energy efficient and affordable homes with services for our nation's heroes who served in the U.S. military is something NYSERDA is proud to support and we look forward to the completion of Liberty Square."

    Senator MichaelRanzenhofersaid,"Investing in our region is extremely important. I am glad to see construction starting on this project. It is great to see the creation of veterans' housing, supporting those who served our county is imperative."

    Assembly Member Stephen Hawley said,"Our veterans have given their all to defend their country, it's only right that we as a community continue to do our part for them and give them our all. With the construction of Liberty Square,I'mproud to see Batavia continue to find ways to take care of its people, and I eagerly anticipate the results of construction. But more so, I'm thrilled that our veterans will continue to find the support they so rightly deserve."

    County Manager Matt Landers said,"I am very happy to see a project like this that benefits disabled veterans come to fruition. This country owes a great deal for the sacrifice made by our veterans and projects like this are essential in order to meet the needs of these disabled heroes."

    City Council President Eugene Jankowski, Jr., said,"The City of Batavia welcomes Home Leasing as they provide the much needed veteran, seniors, and workforce housing to our community. Home Leasing has a positive history of building, maintaining and managing properties across upstate New York and this project will be a great addition to our city"

    CEO of Home Leasing Bret Garwood said,"Home Leasing is extremely proud to start construction of Liberty Square in Batavia and thankful to the community and our partners. Liberty Square will provide an excellent home for families and veterans as well as contribute to the vitality of Batavia."

    Zach Fuller, Eagle Star Housing Executive Directorsaid, "We are very excited to embark on this amazing project with Home Leasing in Batavia! We are continuously striving to better the lives of all Veterans that we serve. This project will deliver 28much neededaffordable apartments to our Veteran community.Eagle Star strives to provide the highest quality care and options for our Veterans and is looking forward to continuing our relationships with our community partners in the supportive City of Batavia. We thank everyone who helped make our vision a reality."

    Accelerating Finger Lakes Forward

    Today's announcement complements "Finger Lakes Forward," the region's comprehensive blueprint to generate robust economic growth and community development. The State has already invested more than $8.07 billion in the region since 2012 to lay the groundwork for the plan - investing in key industries including photonics,agriculture and food production, and advanced manufacturing. Now, the region is accelerating Finger Lakes Forward with a $500 million State investment through the Upstate Revitalization Initiative, announced by Governor Cuomo in December 2015. The State's $500 million investment will incentivize private business to invest well over $2.5 billion - and the region's plan, as submitted, projects up to 8,200 new jobs. More information is availablehere.

    About Home Leasing

    Rochester-based Home Leasing specializes in the development, construction, and management of high-quality apartment communities. Founded in 2006 by veteran real estate developer and former co- CEO and co-Chairman of Home Properties NelsonLeenhouts, the company is owned and operated by three generations of theLeenhoutsFamily. Home Leasing today employs over 170 people who provide support to or are directly involved in the day-to-day operations of affordable, mixed-income and market rate residential communities across New York, Pennsylvania, and Maryland. With its construction company, Home Leasing Construction, Home Leasing builds quality housing that its team of certified property managers and maintenance personnel efficiently oversee. Home Leasing and Home Leasing Construction are Certified Benefit Corporations.

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    Governor Cuomo Announces Start of Construction on $14.5 Million Affordable Housing Development in Batavia - ny.gov

    Construction This is what the new residential apartment building to be built on Helsinki’s Lehtisaari looks like, which when completed will be the… - October 24, 2020 by Mr HomeBuilder

    Lehtisaari and the associated Kaskisaari are known for their large detached and terraced houses. The building stock of the very loosely built area is mainly from the 1960s.

    23.10. 16:18

    Helsinki In the next few years, a new apartment building will be built on Lehtisaari, which will be the highest in the area when completed. This is a site called the Lehtisaari Tower, the construction of which is scheduled to begin in spring 2021.

    The house to be built at Papinpydnkuja 1 is also becoming a much-needed thing during the Korona era: a telecommuting room.

    Talon CEO of constructive Newil & Bau Petri Ylivuori says the new residential apartment building is a starting shot for wider residential construction. In addition, the company is building four other apartment buildings in the same block of Papinpydnkuja. The current shopping center next to the block, on the other side of Lehtisaarentie, is to be demolished, and new apartments have also been planned to replace it.

    The current building stock in the area is mainly from the 1960s. Lehtisaari and the associated Kaskisaari are known for their large detached and terraced houses.

    The Tower of Lehtisaari draws on 1960s architecture. The symmetrical faade is made of brick and rough-handled light burnt brick with a texture all the way down to the balcony lines. The details use oak and wood in general, says Ylivuori.

    The house uses a lot of wood, for example on the balcony.Picture: Newil & Bau

    28 meters the high and nine-storey house will have a total of 30 apartments, ranging in size from 32 to 118 square meters. Two-thirds of the flats are family flats, and the average price per square meter of flats is about 6,700 euros. The house will have a five and a half meter high entrance hall and street level business space. The business premises are to have a restaurant or caf.

    A rather topical specialty of the house is the telecommuting room, which comes to the second floor of the house. The 14 square meters can accommodate one or two people at a time, and the room can be booked through the residents common electronic system.

    Over the mountain according to Lehtisaari Tower will be built comprehensively and in detail. Investments will be made in landscaping, courtyard architecture and the entrance hall. In addition, the life cycle carbon footprint of the house is calculated to be 54 percent smaller than the average for current new apartment buildings.

    The life cycle carbon footprint measures the climate impact of a building throughout its life cycle.

    This can be achieved, for example, by using solar panels and geothermal energy instead of district heating, and by building a frame that will last 100 years. Today, hulls are typically built to last 50 years.

    In addition, efforts are made to insulate the windows, for example, so that heat does not flow to the so-called magpies. Recycled steel is used as the building material and water and heat consumption are optimized.

    A retail space for a caf or restaurant will be built on the street level of Lehtisaari Tower. Observation image.Picture: Newil & Bau

    Lehtisaari is located in western Helsinki, on the border of Espoo and Helsinki. It is crossed by Kuusisaarentie, which connects Lehtisaari in the east via Kuusisaari to Munkkiniemi and in the west to Otaniemi and Tapiola in Espoo.

    In 2018, 1,184 people lived in the very densely populated Lehtisaari. The overall look of the area is very green, with about two-thirds of the area being parkland.

    Perceptual image from inside the house.Picture: Newil & Bau

    .

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    Construction This is what the new residential apartment building to be built on Helsinki's Lehtisaari looks like, which when completed will be the...

    A 143-unit apartment building is planned near Oak Creek’s Ikea. It’s the latest in a series of similar projects. – Milwaukee Journal Sentinel - October 24, 2020 by Mr HomeBuilder

    A four-story apartment building is planned for a site near Oak Creek's Ikea store.(Photo: JLA Architects)

    Another apartment development is planned for a site near Oak Creek's Ikea store the latest in a series of similar projects.

    The four-story,143-unitbuilding is planned for a 3.65-acre site at7700 S. Ikea Way, according to documents filed with the city.

    That site is between the Ikea store and West Drexel Avenue,west of I-94.

    The development plans also call for a possible one-story, 6,000-square-foot retail development just north of the proposed apartments.

    The apartments are being proposed by Walden OC LLC, which owns the property. That investors group is an affiliate of Northwestern Mutual Life Insurance Co.

    The plans were to be reviewed by the Plan Commission at its upcoming Tuesday meeting. But that item has been canceled, according to the meeting agenda.

    The Ikea store and other nearby developments, including apartments, have been happening in the area after the Drexel Avenue interchange on I-94 opened in 2012.

    Construction started this spring on the 300-unit Hub13 apartments between I-94 and South 13th Street, north of Drexel Avenue.

    Hub13 will have six three-story buildings, each with 40 units, as well as three two-story buildings, each with 20 units, when completed at the end of 2021.

    The 225-unitOrchard Hills apartments opened this year at2697 W. Orchard Hills Drive, south of Drexel Avenue and east of South27th Street.

    However, construction of two hotels south of the Ikea a 121-room Homewood Suites by Hilton and aTru by Hilton with 90 to 100 rooms haven't yet proceeded since winning city approval in December.

    Meanwhile, construction is winding down on the final projects at Drexel Town Square, which includes apartments, a hotel, stores and restaurants at Drexel and Howell avenues.

    Tom Daykin can be emailed at tdaykin@jrn.comand followed on Instagram, Twitter and Facebook.

    Our subscribers make this reporting possible. Please consider supporting local journalism by subscribing to the Journal Sentinel at jsonline.com/deal.

    Tom Daykin can be emailed at tdaykin@jrn.comand followed on Instagram, Twitter and Facebook.

    Read or Share this story: https://www.jsonline.com/story/money/real-estate/commercial/2020/10/22/143-unit-apartment-building-planned-near-oak-creeks-ikea/3726402001/

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    A 143-unit apartment building is planned near Oak Creek's Ikea. It's the latest in a series of similar projects. - Milwaukee Journal Sentinel

    One of Shorewood’s tallest buildings could be converted into the village’s first hotel – Milwaukee Journal Sentinel - October 24, 2020 by Mr HomeBuilder

    An older office building at East Capitol Drive and North Oakland Avenue could be converted into Shorewood's first hotel.(Photo: LoopNet)

    An older seven-story office building in Shorewood could be converted into that community's first hotel.

    Also, affordable apartments targeted for adults with developmental disabilities could be coming to the village.

    That's according to comments made ata Friday board meeting of the Shorewood Community Development Authority by Village Manager Rebecca Ewald.

    She spoke about potential projects during a discussion about the village adopting a new, more transparent process for reviewing applications from developers for public financing help.

    The potential hotel would involve renovating the office building among the tallest structures in Shorewood.

    The building, at 3970 N. Oakland Ave.,for several years included a North Shore Bank branch until a new location opened in 2018 at 4060 N. Oakland Ave.

    The seven-story, 40,800-square-foot building was constructedin 1974. The property includes a 139-space parking lot, according to LoopNet.com.

    The hotel development could include expanding the building onto that parking lot, Ewald said.

    Ewald, reached after the meeting, declined to provide any additional information about the possible hotel project.

    Also, an apartment development that would provide a mix of affordable and market-rate units is being considered for a site that includes SunSeekers, a tanning salon at 2420 E. Capitol Drive.

    That building would be demolished, with its lot used for the new apartment development.

    It would include affordable apartments set aside for adults with developmental disabilities who are able to live independently, Ewald said.

    The building's market-rate units could include apartments for the parents of people living in the affordable units, she said.

    Watertown-based Bethesda Lutheran Communities, which provides servicesfor people with intellectual and developmental disabilities, would be involved in the project, Ewald said.

    Bethesda would co-develop the building, tentatively planned for 52 apartments,with Catalyst Construction, said Tom Campbell, Bethesda vice president of real estate.

    Up to 25%of those apartments would be set aside for people with disabilities, he said.

    "It's an inclusive housing model," Campbell said. "They need quality housing, and they need it at a low cost."

    That can be achieved in part by obtaining foundation grants and public financing, he said.

    That could include cash provided through a tax incremental financing district.A TIF district uses money generated by a new development's property tax revenue.

    Tom Daykin can be emailed at tdaykin@jrn.comand followed on Instagram, Twitter and Facebook.

    Our subscribers make this reporting possible. Please consider supporting local journalism by subscribing to the Journal Sentinel at jsonline.com/deal.

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    One of Shorewood's tallest buildings could be converted into the village's first hotel - Milwaukee Journal Sentinel

    Apartment complex approved by Planning Commission in Torrance – The Daily Breeze - October 24, 2020 by Mr HomeBuilder

    A mixed-use development on Hawthorne Boulevard in Walteria that will include nine apartment units and almost 3,800-square-feet of office space has won the unanimous approval of the Torrance Planning Commission.

    The three-story apartment complex is the first since May 2019 to win approval in the community, where residents who live in single family homes largely oppose high-density housing proposals, monthly municipal permit records show. Torrance officials approved a trio of apartments that month, but none since, despite the states on-going housing crisis.

    The development will rise on the former site of the now-closed ABC Pool & Patio at 24449 Hawthorne Blvd., just south of Pacific Coast Highway before the commuter thoroughfare begins its climb up the Palos Verdes Peninsula.

    The area is one of six designated districts along Hawthorne Boulevard in a planning document first adopted in 1996 that envisions an urban village atmosphere providing a rich mixture of retail shops, restaurants and offices.

    Future development is envisioned to retain the unique characteristics of the area with new buildings placed behind the sidewalk with little or no setback, fostering a pedestrian orientation, the staff report to the commission said. Mixed use development is encouraged with residential units located above retail or office space.

    The report said the project will bring a vibrant element to the Walteria District.

    The project provides for apartment housing and promotes housing near to employment and commercial centers while providing 25% of the gross floor area for commercial purposes, the report said. The proposed mixed-used development is in close proximity to businesses, commercial services, restaurants, a public park, library and other amenities that will serve the commercial tenants and residents and will complement the pedestrian character of the Walteria sub-district.

    The planning commission approved the project at its Wednesday meeting.

    Mike Griffiths, who this year founded a group called California Cities for Local Control to fight state bills that could make it easier to build more high-density housing, said the apartment complex complements the neighborhood.

    That type of density makes sense in that particular area, he said. I wouldnt want it to go up next to my house.

    The city is definitely in a slow-growth mode, Griffiths added.

    Apartment construction has been in short supply in Torrance in recent years, after a political backlash in response to criticism surrounding a series of dense condominium developments, including those near Wilson Park several years ago.

    A mixed-use building that includes almost 40 apartments is currently under construction on Carson Street in Old Torrance. Residents successfully fought a gas station and convenience store initially proposed for the site.

    Last year the city rejected a proposed 46-unit apartment complex in North Torrance.

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    Apartment complex approved by Planning Commission in Torrance - The Daily Breeze

    750-unit high-rise apartment towers with affordable housing proposed for St. George – SILive.com - October 24, 2020 by Mr HomeBuilder

    STATEN ISLAND, N.Y. -- A Manhattan developer has proposed to build 750 apartments -- of which 225 units would be earmarked as affordable housing -- along with ground-floor retail in three high-rise buildings on the waterfront in St. George, the Advance has learned.

    The three proposed apartment buildings would sit on a two-acre site owned by Madison Realty Capital at 170-208 Richmond Terrace and 8-26 Stuyvesant Place, according to a source with knowledge of the project.

    Dubbed Liberty Towers, the buildings would range from 12 to 26 stories high, and there would be 23,000 square feet of ground-floor retail, said the source. There would also be about 366 parking spots for the development, the source said.

    ZONING CHANGES NEEDED

    The site is located within the Special Hillsides Preservation District and the Special St. George District, both of which have height and density restrictions for all new construction.

    The plan would have to go through the Uniform Land Use Review Procedure (ULURP) process, which requires a host of approvals, including those from the Community Board 1, the City Council and City Planning.

    For construction to move forward, the developer would need a change from the current lower density zoning to an R7-3 zone, which allows for apartment buildings of greater height, said Joseph Marvilli, a City Planning Department spokesman.

    An Environmental Assessment Study has been submitted to City Planning by the developer, and a remote public scoping meeting is scheduled for Nov. 19 about the project, said Marvilli.

    The developer is hoping to have the project fully complete by 2025, the source said.

    AFFORDABLE HOUSING

    The formula to determine the criteria for the units earmarked as affordable housing will be based on 80% of the areas median income, the source said.

    The source couldnt say yet whether the citys Section 8 program would be accepted at Liberty Towers.

    City regulations require all new housing developments include at least 20% of units reserved for affordable housing.

    CONCERNS ABOUT THE PROJECT

    Joseph Carroll, district manager of Community Board 1, said board members had an informal meeting with the developers several months ago, during which they unveiled their vision for the property.

    At the time we commented that there were multiple zoning amendments that would have to be achieved, including relief from the St. George Special District and the establishment of [a more dense] zoning district, which currently does not exist on Staten Island, he said.

    Local elected officials have expressed concern about the project, as well.

    Borough President James Oddo, who previously met with the developers about the project, said he wont entertain the zone change needed for the development to take shape.

    I am very passionate about this issue. I am calling for every current elected official on Staten Island and every announced candidate for this cycle and the 2021 cycle to completely go on the record about where they stand on the notion of a 26-story apartment building to be dropped in St. George, said Oddo.

    To avoid construction of large apartment complexes, Oddo said elected officials fought several years ago to remove dense zoning on Staten Island. The Castleton Park Apartments, which are located behind the proposed Liberty Towers site, is zoned R6, he said, noting R7-3 will permit more density.

    We are in favor of growth and investment. We know that needs to happen to keep Staten Island vital, but that can not be an excuse, yet again, to increase density without a care in the world about the impact on the infrastructure, said Oddo.

    Councilwoman Debi Rose (D-North Shore) said she also saw preliminary plans for the project.

    The developers presented their preliminary plans to me last year, and we are scheduled to meet again for an update. This development would be subject to intense public review process and a vote. I look forward to hearing from the community once this engagement process begins, she said.

    Madison Realty Capital declined comment about the proposed zone change.

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    750-unit high-rise apartment towers with affordable housing proposed for St. George - SILive.com

    Home building remains bright spot The Daily Reporter WI Construction News & Bids – Daily Reporter - October 24, 2020 by Mr HomeBuilder

    A sold sign sits on a lot as new home construction continues in Westfield, Indiana, on Sept. 25. U.S. home construction rose a solid 1.9% in September after having fallen in August as home building remains one of the bright spots for the economy. (AP Photo/Michael Conroy)

    By MARTIN CRUTSINGER AP Economics Writer

    WASHINGTON (AP) U.S. home construction rose a solid 1.9% in September after having fallen in the previous month, as home building continues as one of the bright spots of the economy.

    The increase last month pushed home construction to a seasonally adjusted annual rate of 1.42 million homes and apartments after a 6.7% drop in August, the Commerce Department reported Tuesday.

    Applications for building permits, a good barometer of future activity, rose an even stronger 5.2% to 1.55 million units.

    After a plunge in the spring due to pandemic-related lockdowns, housing has staged a solid rebound as demand for homes with more space has grown and mortgage-rates have stayed at ultra-low levels.

    Construction of single-family homes in September surged by 7.8%, offsetting a 14.7% drop in the smaller apartment sector. Single-family construction is now at its highest level since 2007.

    Construction was up in every region of the country except the Midwest which registered a 32.7% plunge. Construction surged 66.7% in the Northeast with smaller gains of 6.2% in the South and 1.4% in the West.

    Economists believe home building will continue to thrive in the months ahead.

    Strong demand, low inventory and a record level of homebuilder confidence continue to support new home construction, wrote Nancy Vanden Houten of Oxford Economics.

    The National Association of Homebuilders reported Monday that its survey of builder confidence climbed to a new record high of 85 in October, up from a September reading of 83.

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    Home building remains bright spot The Daily Reporter WI Construction News & Bids - Daily Reporter

    US home construction up 1.9% in September to 1.4 million – The Republic - October 24, 2020 by Mr HomeBuilder

    WASHINGTON U.S. home construction rose a solid 1.9% in September after having fallen in the previous month, as home building continues as one of the bright spots of the economy.

    The increase last month pushed home construction to a seasonally adjusted annual rate of 1.42 million homes and apartments after a 6.7% drop in August, the Commerce Department reported Tuesday.

    Applications for building permits, a good barometer of future activity, rose an even stronger 5.2% to 1.55 million units.

    After a plunge in the spring due to pandemic-related lockdowns, housing has staged a solid rebound as demand for homes with more space has grown and mortgage-rates have stayed at ultra-low levels.

    Construction of single-family homes in September surged by 7.8%, offsetting a 14.7% drop in the smaller apartment sector. Single-family construction is now at its highest level since 2007.

    Construction was up in every region of the country except the Midwest which registered a 32.7% plunge. Construction surged 66.7% in the Northeast with smaller gains of 6.2% in the South and 1.4% in the West.

    Economists believe home building will continue to thrive in the months ahead.

    Strong demand, low inventory and a record level of homebuilder confidence continue to support new home construction, wrote Nancy Vanden Houten of Oxford Economics.

    The National Association of Homebuilders reported Monday that its survey of builder confidence climbed to a new record high of 85 in October, up from a September reading of 83.

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    US home construction up 1.9% in September to 1.4 million - The Republic

    What we know about the Winooski Rotary and I-89 new construction – Burlington Free Press - October 24, 2020 by Mr HomeBuilder

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    Some heavy-dutyexcavation and foundation work is underway in Winooski, a stone's throw from two new apartment buildings on E. Allen Street/VT 15.

    A link has been sent to your friend's email address.

    A link has been posted to your Facebook feed.

    WINOOSKI - Most of the action is hidden and will remain out of sight to motorists for another month or so.

    But some heavy-dutyexcavation and foundation work is underway in Winooski, a stone's throw from two new apartment buildings on East Allen Street/Vermont 15.

    A tall crane marks the spot: Roughly halfway between Community College of Vermont and the entrance ramp to Interstate 89.

    Taking shape: Foundations and walls for underground parking are under construction at East Allen and Manteau streets in Winooski on Oct. 14, 2020.(Photo: JOEL BANNER BAIRD/FREE PRESS)

    The project is big. The developer says it will take about a year before the building opens to the public.

    Parc Terrace will be impossible for commuters to ignore.

    Subscribers can read the full story here to find out how the new structure is rising from a steep slope, what it will look like when it's finished, what it cost to build and where folks might find a new cafe/market in the neighborhood.

    The Burlington Free Press is dedicated to bringing you stories that help make sense of Chittenden County's rapidly changing landscape.

    Sign up today to support our coverage and to get unlimited access to more subscriber-only content.

    Contact Joel Banner Baird at 802-660-1843 or joelbaird@freepressmedia.com. Follow him on Twitter@VTgoingUp.

    This coverage is only possible with support from our readers.

    Read or Share this story: https://www.burlingtonfreepress.com/story/news/2020/10/20/whats-big-project-going-up-between-winooski-rotary-and-89/3708702001/

    Oct. 22, 2020, 10:49 p.m.

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    Oct. 22, 2020, 9:41 a.m.

    See more here:
    What we know about the Winooski Rotary and I-89 new construction - Burlington Free Press

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