* Residential remodeling is arguably a better indicator of consumer sentiment than new construction, and is of similar importance as an indicator of national economic health. * Remodeling of existing homes is 14.4% above its 2009 housing bust level, but remains 17.3% below its 2005 housing boom level, and that new home construction is 40.6% above its 2009 level, but remains … [Read more...]
Hyperloop One Makes Progress on Manufacturing and Test Track Sites
Hyperloop One recently obtained building permits for a test track in North Las Vegas, and for a nearby site in which it will manufacture Hyperloop parts, called the Metalworks facility. Test Track Hyperloop One obtained three building permits for the test track located at 13575 Apex Power Parkway in North Las Vegas. The permits were obtained in January, March and June of … [Read more...]
The BuildZoom And Urban Economics Lab Index: First Quarter 2016
* Residential remodeling is arguably a better indicator of consumer sentiment than new construction, and is of similar importance as an indicator of national economic health. * Revised estimates indicate that remodeling of existing homes is 13.7% above its 2009 housing bust level, but remains 20.4% below its 2005 housing boom level, and that new home construction is 39.3% … [Read more...]
Facebook is Expanding their Real Estate Footprint in Austin
We’ll be the first to say it, we think Facebook is expanding their office in Austin! … [Read more...]
Tesla’s Gigafactory: A Grand Opening and Nowhere Near Done with Construction
The grand opening of the Tesla Gigafactory is set for July 29th, so we decided to look into the enormous project’s building permits. Construction of the 5.8 million square foot factory began in April 2014 with an excavation permit, and has since required 83 additional building permits. According to the permits filed with Storey County, NV, the estimated cost of construction … [Read more...]