Welcome back! In today’s commercial real estate news: Trump’s anti-regulatory stance encourages developers, construction firms brace for an influx of infrastructure projects, and the apartment sector begins to cool.
Homebuilders See Profit in Trump Bulldozing Environmental Rules
Developers are optimistic President-elect Trump will slash environmental regulations when he takes office this week. Homeownership is currently at a historic low, a fact many developers blame on the costs associated with meeting regulations. Despite this, nearly two-thirds of Americans say the laws are worth the price.
US Contractors Gearing up for Trump Spending Windfall
Nearly 75% of construction firms plan to hire on more employees in 2017, according to a survey released last week by developer firms. The optimistic outlook is founded on the hope Trump will make his campaign promises a reality by investing billions in American infrastructure.
Rooms to Go: Expect to See Less Apartment Construction in the Coming Months
After years of growth, the apartment sector may finally reach a plateau in 2017. Rising construction costs, a lack of desirable spaces and a labor shortage are all factors contributing to the cooling off.