Mito Insulation Inc

Project Spotlight: Mill Creek Residential – Modera Founders Row II What a monster project this was! Modera Founders Row II is a six-story, 280-unit mixed use development project in Falls Church, VA. It features 426 parking spaces sprayed with R30 closed cell foam, 5000 sf of co-working space, 22,146sf of ground floor retail space and 280 multi-family rental apartments all completed under a very expedited schedule to strict Grade 1 installation methods and extensive air-sealing, including filling the attic spaces up to 4 feet deep. Whew! #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction #ModeraFoundersRow

Project abandonments drop amid contractor optimism Abandonments plummeted 49.8% in September, according to ConstructConnect’s Project Stress Index, a measure of construction projects that have been paused, abandoned or have a delayed bid date. Read More>>> https://buff.ly/3Nf1x3u #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

Economic Reports The 9 largest commercial construction starts of August 2024 The construction sector should begin to feel relief now that the Federal Reserve has begun to lower rates, said Richard Branch, chief economist of Dodge Construction Network. Total construction starts jumped 6% in August to a seasonally adjusted annual rate of $1.2 trillion, according to Dodge. That positive momentum should continue to move forward at a modest pace, especially around the...Read More>>> https://buff.ly/3YjEVnc #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

Construction input prices tick down on lower energy costs Material prices remained relatively stable in September, said Macrina Wilkins, senior research analyst with the Associated General Contractors of America, in an email to Construction Dive. However, Wilkins pointed out that over the past year, there has been significant variation in specific materials, particularly with diesel, fabricated structural metal, steel mill products, insulation and copper...Read More>>> https://buff.ly/3Yqc7JR

Planning activity softens after months of growth Nonresidential construction planning cooled in September after months of strong growth, according to Dodge Construction Network. The Dodge Momentum Index, a benchmark that measures nonresidential construction planning, decreased 4.2% in September due to a drop in commercial projects, according to the report. Commercial planning, which includes office, industrial and hotel projects, declined 7.8%, while institutional planning, which spans...Read More>>> https://buff.ly/40hip10 #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

Public projects keep nonresidential construction afloat Construction market stress increased despite a sharp drop in project cancellations, according to the latest report from Cincinnati-based ConstructConnect. Abandonments plummeted 49.8% in September, according to ConstructConnect’s Project Stress Index, a measure of construction projects that have been paused, abandoned or have a...Read More>>> https://buff.ly/3BWz680 #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

Project abandonments drop amid contractor optimism Construction market stress increased despite a sharp drop in project cancellations, according to the latest report from Cincinnati-based ConstructConnect. Abandonments plummeted 49.8% in September, according to ConstructConnect’s Project Stress Index, a measure of construction...Read More>>> https://buff.ly/3Nf1x3u #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

The largest multifamily starts of September 2024 After rising 6% in August, overall construction starts fell 6% in September to a seasonally adjusted annual rate of $1.1 trillion, according to the latest monthly starts report from Dodge Construction Network. Residential starts fell 1% last month, down to a seasonally adjusted annual rate of $382 billion, while multifamily starts fell 6%. This year to date through September, residential starts rose 7%, driven by 17% growth...Read More>>> https://buff.ly/40n5nze #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

New York City Multifamily Totaled $2.33B in Third Quarter 2024 Following a robust second quarter, activity in New York City’s multifamily market slowed in the third quarter with dollar volume declining by 17% quarter-over-quarter to $2.33 billion and transactions falling by 16% to 248, according to Ariel Property Advisors’ Q3 2024...Read More>>> https://buff.ly/3NK05pJ #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

Will Multifamily Development Overwhelm the Market? As we step into the latter part of 2024, the multifamily real estate market is buzzing with activity. With a rising demand for rental housing, driven by factors such as urbanization, demographic shifts, and changes in lifestyle preferences, developers are eager to capitalize on the opportunity. However, this raises an important question...Read More>>>https://buff.ly/4fo96kh #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction