Sentences with phrase «condo construction starting»

The California Energy Commission voted unanimously this week to update the state's building code to require rooftop solar panels on all new apartment building and condo construction starting January 1, 2020....

While still down overall from last year when sales started slumping in the face of fears about the housing market and tighter mortgage lending rules, high - rise condo construction starts came in 22 per cent higher in major urban centres in May compared with April.

Not exact matches

New condo construction accounts for roughly two - thirds of all housing starts, which is high from a historical perspective.

Deputy governor Carolyn Wilkins says data backing the soft landing scenario includes a slowdown in housing starts, cooling in the construction of condos and the plateauing of household debt ratios, although at levels near those that existed prior to the U.S. meltdown in 2008.

Just over 25 % of condo investors surveyed purchased their investment condo in the pre-sale phase of a project (i.e. before the start of construction phase).

Seattle, WA About Blog What started in 2006 as a blog about Seattle real estate with an emphasis on lofts, condos, new construction and mid-century moderns has evolved into a boutique real estate company.

The gains were broadly based, with construction of multiple units — typically condos and rental apartments — up 22.3 per cent to 137,803 units, and single - detached urban home starts up 14.5 per cent to 64,045 units.

If the law comes to fruition, there goes the condo market and the little bit of apartment construction that started over the past couple of years.

Construction usually starts only after 80 percent of the units are pre-sold with buyers depositing 10 percent of the condo's cost to reserve a space and then committing to add installments in 10 percent increments as the project meets benchmarks such as groundbreaking and tower - topping, according to Carlos Rosso, president of condominium development for Related Group.

In February of 2015, Highland Park home builder Robert Elliott started construction on a new development of sites in Highland Park for condos.

With the exception of Edmonton, condo starts will be down across the country this year, as builders look to clear inventory before expanding into new construction, says the report.