7 Steps that will drive the future of housing.
1. Big builders are wringing the extras out of construction costs and dropping the national average cost-to-build 36 percent to $52 per square foot. 2. Starting in 2011, Energy Star will ramp up its efficient design and quality installation standards. To get Energy Star certification, builders will have to install the right insulation, HVAC systems, [...]
Relentless Worsening In Commercial Real Estate Delinquencies
http://www.businessinsider.com/relentless-worsening-in-commercial-real-estate-deliquencies-2009-11 The latest read from Fitch indicates continued worsening, in November, across a range of commercial real estate types, with the worst pain being felt in office real estate. ——– Fitch Ratings-NY-16 November 2009: Job losses and subsequent office loan defaults, coupled with continued hotel underperformance, resulted in another monthly increase in U.S. CMBS delinquencies, [...]