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New planning tool arrives as California prepares for more accessory dwelling units

Housing Wire

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

Tools 377
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Florida theme parks creating more housing for employees

Housing Wire

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year.

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Veev raises $400M to scale tech-enabled homebuilding

Housing Wire

The company says it will use the funding to scale its operations, accelerate its research and development and expand construction into new markets. Through this building process, Veev says it can build homes up to four times faster than standard construction industry standards, which in turn can bring down costs significantly.

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Opinion: Putting residents of affordable housing first

Housing Wire

6602, the “ Affordable Housing Resident Services Act of 2022,” could be a game-changer. At National CORE , one of the nation’s largest affordable housing developers, we provide affordable housing to 25,000 residents in over 8,500 affordable rental units. Ultimately, it must be about the residents themselves. Pete Aguilar, D-Calif.,

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Investor Insights: How to Thrive in CRE Amid Challenging Market Conditions

Appraisal Buzz

Let me explain — in 2021-2022, many investors purchased properties at high prices, using 2 and 3-year bridge loans. Supply and Demand Dynamics: We are coming off of a construction boom where record numbers of units were built in the aftermath of the pandemic and are delivering now and in the coming months.

Investors 195
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How a strategic coalition is fighting homelessness in Dallas

Housing Wire

The voucher program, also referred to as Section 8 , is designed to cover rental costs to ensure very low-income families, the elderly and the disabled can afford housing. Over the past three decades, DCH has developed more than 2,400 safe and affordable rental units in some of the most distressed areas of Dallas.

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With low inventory, house hunters are in full safari mode

Housing Wire

Meanwhile, mortgage interest rates have hovered in the 6% to 7% range over the past six months, up more than 3 percentage points since early 2022, yet home prices have increased for several months in a row, Freddie Mac ’s chief economist, Sam Khater, points out in a recent commentary. million more housing units to meet existing demand.

Inventory 452