Home Builder Developer - Interior Renovation and Design

Wave of New Construction Expected to Peak Next Year, Pushing Up Vacancy and Increasing Competition for Renters Even as Conditions Continue To Favor Strong Demand for Apts.

CoStar Group economists are forecasting that apartment vacancy rates will rise in 46 of the 54 top U.S. metros over the next four quarters due to the massive wave of current apartment deliveries and new apartment projects starting almost daily.

According to their most recent analysis, the U.S. apartment vacancy rate will rise from the current 4.1% to over 5% by the end of 2015. Although a significant trend shift, apartment vacancies are still expected to remain near 10-year lows across most of the nation, even with the addition of hundreds of thousands of new units.

"At this point in the cycle, weve seen supply take hold almost everywhere," Yuen said. "Some late-recovery markets like Las Vegas arent yet seeing vacancy increases yet, but even there, developers are beginning to find opportunities."

Dallas, Washington, D.C. and Houston have each seen more than 10,000 units delivered over past four quarters, while apartment inventories in smaller markets like Charlotte and Raleigh have increased by nearly 5% as apartment construction fans out. Denver and Houston, each with upwards of 20,000 units under construction, will see record deliveries over the next two years, Yuen added. Despite the expected impact on rents from all the new construction, because most of the new building is expensive luxury properties, analysts noted a widening affordability gap. In the Oakland/East Bay Area, for example, the average income has risen by about 15% to over $75,000 in the strengthening economy. However, rents have grown by a staggering 30% over the same period and now require more than 25% of annual income, Yuen said.

"Lack of affordability is certainly something we are beginning to see capping rent growth, especially at the high end of the market," Yuen said.

Year-over-year growth in effective rents, which has gradually decelerated since 2013, is expected to drift below 2% in tertiary and secondary as well as the top U.S. markets during 2015 and 2016.

"We've been surprised by the low levels of concessions we're seeing today, given the large amount of new supply," said CoStar director of U.S. research, multifamily Luis Mejia, a co-presenter along with quantitative analyst Mark Hickey.

But with rent growth slowing further and more supply on the way, property income growth is also expected to finally slow down heading into 2015, which may prompt investors to buy more office buildings rather than apartments in search of higher yields, the analysts noted.

Net operating income (NOI) for apartments, which peaked at about 6% in mid-2012 and was the only major property type to show growth from 2010 to 2013, is now the only sector to show year-over-year income deceleration.

Read more:
Apartment Construction Boom Finally Slowing Rent Increases as Market Shifts Into Expansion Phase

Construction activity took a tumble in November, sparking concerns about the health of the economy.

Construction activity took a tumble in November, sparking further concerns about the health of the economy.

The construction industry contracted for the first time since May, according to figures from the Australian Industry Group and Housing Industry Association on Friday.

The Performance of Construction Index dropped eight points to 45.4 in November - below the 50 level that separates expansion from contraction.

A slowdown in public building activity and demand for housing were also weighing on the industry, with the reduced workload forcing job losses, the report said.

The disappointing report comes after official figures on Wednesday showed a shock slowdown in the Australian economy in the September quarter, sparking debate about whether the cash rate should be slashed to a new record low.

Growth in house and apartment building decelerated in November, amid a decline in new orders, the report said.

But home building will need to re-accelerate in coming months, if it's going to help offset the slowdown in mining construction.

"Perceptions regarding Australia's short-term economic outlook have dampened recently and today's result will hardly buoy the prevailing mood," HIA chief economist Harley Dale said.

"The rate of expansion in detached house and apartment building activity slowed in November.

Continued here:
Concern grows as construction tumbles

BARBARAELLEN KOCH | The Long Island Science Center would move if apartments get built.

A five-story apartment building planned for the Long Island Science Center site went from market-rate luxury apartments to workforce housing affordable apartments earlier this year.

The plans have now seen another change.

The latest breaking news is that we intend for this to be housing for the artist community, said Marianne Garvin, the president and chief executive officer of the non-profit Community Development Corporation of Long Island.

She was speaking to members of the Riverhead Industrial Development Agency Monday night, during a public hearing on proposed tax incentives for the project, which is a joint venture between the CDC and Rochester-based, for-profit developer Conifer Realty.

The project is being called Peconic Crossing.

The building would still contain 48 affordable rental units. In order to win a lease, proposed tenants would have to meet income guidelines based on the area median income for Suffolk County, which is $73,600, according to the CDC.

However, it will give a preference to prospective tenants who are artists and can document that, Ms. Garvin said.

The project would have a common area for arts and a balcony overlooking the Peconic River that could be used for art events, she said.

The project would be modeled after the 45-unit Artspace apartment complex in Patchogue, according to Allen Handelman, Conifers vice president of development.

Read the original:
Affordable housing for artists planned for downtown Riverhead

Outdoor Living - Patios - Poolscape -outdoor kitch

By: outdoor living and design dallas tx

View post:
Outdoor Living - Patios - Poolscape -outdoor kitch - Video

Upminster Cleaning Patios Ph 07920 754 997 Cleaning Patios Only 2.50 Per Sq Mtr Essex
http://www.Patio-Cleaning.com/ Click the link for more info. Cleaning Patios Ph 07920-754-997 Cleaning Patios Only 2.50 PSM Pressure Cleaning. Covering Thor...

By: Essex Jet Wash

Link:
Upminster Cleaning Patios Ph 07920 754 997 Cleaning Patios Only 2.50 Per Sq Mtr Essex - Video

Bristol Affordable Patios and Driveways Ph 0117 325 0093 Now
http://www.bristolblockdriveways.co.uk/ Call 0117 325 0093 Now Bristol Affordable Patios and Driveways Advice on Choosing The Patio Pavers For You Patio pave...

By: Bristol Block Driveways

Read more:
Bristol Affordable Patios and Driveways Ph 0117 325 0093 Now - Video

Limpieza de Patios Landscaping en Ponce PR
Servicio de Limpieza y Mantenimiento de areas Verdes. Recogido de esconbros entre otras tareas. Precios acesibles. Servicio en toda el area Sur Mudanzas 787-...

By: Francisco Figueroa

See the article here:
Limpieza de Patios Landscaping en Ponce PR - Video

Natural Light Patios

By: Alissa Henry

View original post here:
Natural Light Patios - Video

Population Services International (PSI) is a leading global health organization with social marketing and social franchising interventions in Vietnam to address HIV/AIDS, Hepatitis C, Safe Water/Hygiene, Tuberculosis and Hypertension. PSI uses private sector approaches to improve the health of Vietnams low-income and vulnerable communities in more than 20 provinces. Working in partnership with the Government, private sector and civil society partners, PSI harnesses the power of markets to empower underserved populations to lead healthier lives. For more information: http://www.psi.org

PSI currently seeks 3 talented and motivated individuals for the temporary Consultants (up to 23 working days) as below:

Job Title: Senior Data Collector

Report to: Research Manager

Job purposes: Population Services International, Vietnam (PSI/V) with support from UNICEF is conducting formative research on neo-natal care practices, care seeking and treatment of pneumonia and diarrhoea, hand washing, and water treatment and storage practices in Dien Bien, Kon-Tum, Ninh Thuan and Dong Thap. The proposed research will play a critical role to ensure that health interventions take into consideration cultural practices in addition to physical realities including but not limited to education, socio-economic status, and geographic location.

Major duties:

Selection criteria

A competitive remuneration package will be offered to the successful candidate.

Interested candidates are requested to submit detailed curriculum vitae (CV) with a letter of interest indicating the position you are applying for as well as copies of relevant certificates/degrees no later than 5:00 pm on 9 December, 2014 to HR Department, PSI Vietnam; Address: 11th Floor, VINAFOR Building, 127 Lo Duc, Hai Ba Trung, Hanoi; Email:hr@psi.org.vn or fax: (04)3944 6323; Only short-listed candidates will be contacted for interviews. Please do not contact via telephone. Dossier will not be returned.

Read more from the original source:
Senior Data Collector

The Crew - All Uplay Actions and Rewards SHOWCASE (Bonus Theme, Cars Decorator) Uplay Bonus
The Crew - All Uplay Actions and Rewards SHOWCASE (Bonus Theme, Cars Decorator) All Uplay Bonus Actions: 10 Uplay Points - The Breadwinner: Increase your Daily Salary to 10000 Bucks,...

By: ScereBro PSNU

See more here:
The Crew - All Uplay Actions and Rewards SHOWCASE (Bonus Theme, Cars & Decorator) Uplay Bonus - Video