One of China’s largest property developers is in dire financial straits, and the world is watching. What does it mean for the U.S. housing market, real estate agents and the economy? Continue reading
The company also announced it has opened a second factory in Ontario, California, and is working on a third factory, which will be its first automated facility, capable of building homes 20 to 50 percent faster than traditional methods. Continue reading
Plus, photos taken just days before the collapse show cracked concrete and corroded rebar in the building’s garage. Continue reading
The class-action lawsuit was filed on behalf of property owner Manuel Drezner and ‘on behalf of all others similarly situated’ by the partial collapse of Champlain Towers South. Continue reading
If you’re helping your buyers navigate the process of buying a pre-construction house, here are the top five things you should educate and prepare them for. Continue reading
About half of the units of the 130-unit residential building Champlain Towers South collapsed on Thursday morning around 1:30 a.m. Officials do not yet know the cause. Continue reading
Former employees of the SoftBank-backed real estate startup say they were laid off without a fair warning. Continue reading
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
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
The decline follows a record month for new-home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau. Continue reading