Construction startup Katerra files for bankruptcy

The company blamed its financial position on the effects of the COVID-19 pandemic, difficulty securing funding for new construction and “unsuccessful attempts to secure additional capital and business.” Continue reading

Manhattan condo board gives vaccine ultimatum to 2 workers

The building’s board told the workers to get a dose of the COVID-19 vaccine or face termination, the New York Post reports. Continue reading

‘The great reshuffling’: Zillow COO argues housing boom is no bubble

In a recent podcast appearance, Zillow Chief Operating Officer Jeremy Wacksman argues the housing market’s fundamentals are strong. Continue reading

Construction spending rises again in April as lumber costs climb

Residential construction spending continued to grow in April, rising 1.3 percent month over month for new single-family builds, according to a June 1 report from the U.S. Census Bureau. Continue reading