article thumbnail

1.2 million homes face wildfire risk in California

Housing Wire

Depending on greenhouse-gas emissions scenarios, average annual loss projections could increase 31% to 41% in California by 2050, and roughly 40% to 50% in Colorado. In June, insurance giants State Farm and Allstate pulled out of California’s home insurance marketplace, citing mounting construction costs.

Insurance 351
article thumbnail

Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

Demographers estimate that by 2050, the U.S. New construction, resales, refinances and home improvements account for approximately 16% of the U.S. Many soon-to-be retirees are planning on selling their homes to fund their retirement and move into something smaller for their later years. population will become majority-minority.

Legal 365
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rural America is losing affordable housing at a crisis pace

Housing Wire

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. I think in a healthy housing market, you have to have both new construction and preservation efforts,” Maxwell said. “We

Tenants 498
article thumbnail

Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

Insurance 366
article thumbnail

How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

billion of new commercial real estate construction contracts in 2021. DSW, Bath & Body Works, Wendy’s International, Victoria’s Secret, and Intel (under construction). DSW, Bath & Body Works, Wendy’s International, Victoria’s Secret, and Intel (under construction). Central Ohio had over $5.8

article thumbnail

8 Sustainability Trends Driving Commercial Real Estate for Earth Day

The Robert Weiler Company

Construction of new green buildings and green renovation or retrofit projects increase the asset value of buildings by upwards of 9%. The material and how it’s installed are critical to constructing a building and ensuring a tight building envelope. Waste Management A new construction project always results in a lot of waste.

article thumbnail

[National Safety Month] 3 Ways to Avoid Heat-Related Illness on Your Job Sites

GoForrmz

Heat-related illnesses are preventable, but still on the rise Heat-related illness, injury, and death may seem like a blatant risk factor for jobs in agriculture, construction, or even manufacturing. Managing construction site safety , specifically, means needing an intense focus on facilitating communication.

Training 147