One World Trade Center, the so-called Freedom Tower currently under construction in Lower Manhattan, technically became New York City’s tallest building on Monday, as workers erected steel columns on the 100th floor, 1,271 feet above the street, to make it stand 21 feet higher than the Empire State Building’s observation deck. The Freedom Tower, which [...]
Author Archives: midwood
One World Trade Center, the ‘Freedom Tower,’ becomes New York’s tallest building
Posted in Real Estate News Comments closed
Americans more confident in housing recovery About 60% of those surveyed last month had positive views about the housing market and 70% expect property values improve over the next two years
(Bloomberg) - Potential homebuyers and sellers are growing more confident that the U.S. real estate market will begin to recover as soon as next year, according to a Prudential Real Estate survey. Some 60% of people surveyed last month had positive views about the housing market and 70% expected property values to improve over the next [...]
Posted in Real Estate News Comments closed
Manhattan land rush is on Developers return to ground, bulk up on building sites as economy begins to turn
Feverishly working to wrap up two deals during Thanksgiving weekend, developer Joseph Sitt barely had time to sit down for dinner with his family. But by the following Tuesday, Thor Equities’ chief executive had much to be grateful for. That day he signed contracts to buy two Manhattan development sites, one on Fifth Avenue and [...]
Posted in Real Estate News Comments closed
US homebuilders feel ‘more positive’
(Bloomberg) – Confidence among U.S. homebuilders climbed more than anticipated in February to the highest level since May 2007, pointing to an improving outlook for construction. The National Association of Home Builders/Wells Fargo index of builder confidence rose for a fifth straight month, to 29 in February from 25 in January, figures from the [...]
Posted in Uncategorized Comments closed
Construction spending climbs most in 4 months
By Bloomberg News (Bloomberg) – Construction spending in the U.S. rose in December at the fastest pace in four months, reflecting broad-based gains that signal the industry is stabilizing. Building outlays increased 1.5%, the biggest gain since August, Commerce Department figures showed Wednesday in Washington. The median estimate of 51 economists in a Bloomberg survey [...]
Posted in Construction Comments closed
Fed Extends Record-Low Interest Rates Through Late 2014
The Federal Reserve announced on Wednesday that it will not increase its benchmark interest rate until at least late 2014, saying that record-low rates are still needed to help boots the still sluggish economy. Hot Feature: Gravity of Debt Crisis Casts Shadow on World Economic Forum in Davos After a two-day meeting of the Federal Open Market Committee, [...]
Posted in Real Estate News Comments closed
Construction Spending in U.S. Rises More Than Forecast
Construction spending in the U.S. rose in November for a third time in four months, indicating the industry helped boost growth at the end of 2011. Building outlays increased (CNSTTMOM) 1.2 percent, exceeding the median estimate of 46 economists in a Bloomberg survey that called for a 0.5 percent gain, Commerce Department figures showed today inWashington. The [...]
Posted in Construction Comments closed
Construction Spending in U.S. Unexpectedly Rose in August on Local Outlays
Construction spending in the U.S. unexpectedly rebounded in August, propelled by the biggest jump in state and local government outlays in more than two years. The 1.4 percent gain reversed the revised 1.4 percent drop in July, Commerce Department figures showed today in Washington. The median estimate of 52 economists surveyed by Bloomberg News called [...]
Posted in Construction Comments closed
Lower Manhattan’s Thriving Post-9/11 Multi-Housing Industry
By Jessica Fiur, News Editor New York—This Sunday, September 11, 2011, marks the 10-year anniversary of the World Trade Center attacks. In 2001, after the World Trade Center buildings were destroyed, and thousands of businesses and residents were displaced or forced to relocate, many wondered if Wall Street would ever recover. But it has. Though [...]
Posted in Construction Comments closed
Weather disasters keep costing U.S. billions this year
(Reuters) – Blizzards. Tornadoes. Floods. Record heat and drought, followed by wildfires. The first eight months of 2011 have brought strange and destructive weather to the United States. From the blizzard that dumped almost two feet of snow on Chicago, to killer tornadoes and heat waves in the south, to record flooding, to wildfires that [...]
Posted in Weather Comments closed
