Mito Insulation Inc

Research points to the downsides of rent control While rent control policies do slow rent growth in the buildings in which they are in effect, they also lead to a variety of unintentional negative effects, according to a new report published in the Journal of Housing Economics. Many of the findings are of interest to apartment owners, developers and operators. The apartment industry has long decried the use of rent...Read More>>> https://buff.ly/4dkrAk1 #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

Apartment Construction Hits Historic High in 2024 In 2024, the U.S. is set to achieve a new milestone in apartment construction: For the first time in history, the number of apartments completed in one year is anticipated to surpass the 500,000-unit mark. Developers are on track to complete over 518,000 rental units, which marks a significant 9% increase compared to 2023 and a 30% rise from 2022. Read More>>> https://buff.ly/3XANR7G #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #Construction

The cities expecting the most apartment deliveries this year Higher borrowing costs have made it more difficult for developers to start new projects over the last several years, starting in late 2022 when the Federal Reserve began raising interest rates to combat inflation. This may drive developers to focus on lower-risk projects or shift toward stronger markets for development, according to RentCafe. Read More>>> https://buff.ly/46LpF6J #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #ApartmentConstruction

Apartment starts drop 6% YOY Multifamily developers completed an annualized 740,000 apartments in buildings with five or more units in August, a whopping 79.2% YOY jump and a 36.5% decrease compared to July. At the end of July, 850,000 units were under construction, a 15.3% YOY decrease and a 3.2% month-over-month decline. Read More>>> https://buff.ly/47zTabW #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #Construction

How construction managers can deal with changing marijuana laws On Dec. 2, the U.S. Drug Enforcement Agency will hold a hearing on whether marijuana should be reclassified as a Schedule III drug. That would remove it from Schedule I — which includes heroin, LSD and ecstacy — and reshelf it alongside Tylenol with codeine and anabolic steroids. Read More>>> https://buff.ly/3XTIbGZ #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #Construction

Apartment tower rises in downtown Las Vegas San Diego-based general contractor T.B. Penick & Sons topped off Las Vegas’ first all-for-rent apartment tower this month, developer Southern Land Co. announced last week. Upon completion, the 22-story Capella in the city’s Symphony Park neighborhood will encompass 272 residences, including one- and two...Read More>>> https://buff.ly/4denxpr #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #Construction

RealPage lawyer says nonpublic information leads to lower rents The civil suit alleges that RealPage violated the Sherman Act, which prohibits unfair monopolies. The Justice Department is seeking changes to RealPage’s revenue management software but no monetary damages. The DOJ alleges that RealPage’s agreements and conduct harm the competitive process in local apartment markets across the United States. It contends that the company encourages loyalty to its algorithm’s...Read More>>> https://buff.ly/3X1Y7pe #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #Construction

Should tenants have a right to cooling? More cities say yes amid record heat. Lately, the city of Dallas has been hearing from local leaders across the U.S. and as far as London, England, said Rosana Savcic, a division manager in the city’s code compliance department. What has caught their attention? A city policy that took effect in 2017 requiring landlords to provide working air conditioning equipment. More cities are looking into establishing a renter’s right to cooling equipment as climate change drives record-breaking temperatures across...Read More>>> https://buff.ly/4dW3Iny #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #Construction

RealPage lawyer says nonpublic information leads to lower rents The civil suit alleges that RealPage violated the Sherman Act, which prohibits unfair monopolies. The Justice Department is seeking changes to RealPage’s revenue management software but no monetary damages. The DOJ alleges that RealPage’s agreements and conduct harm the competitive process in local apartment markets across the United States. It contends that the company encourages loyalty to its algorithm’s...Read More>>> https://buff.ly/3X1Y7pe #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #Construction

Apartment starts increase monthly, but fall YOY As starts have fallen off dramatically in 2024, apartment developers continue to work through their existing projects, shrinking the remaining pipeline. At the end of July, 870,000 units were under construction, a 13.3% YOY decrease and a 1.5% month-over-month decline. Multifamily developers completed an annualized 473,000 apartments in buildings with five or more units in June, a 49.2% YOY jump and a...Read More>>> https://buff.ly/3AP71i8 #Insulation #ConstructionNews #MultiFamily #CommercialInsulation #MultiFamilyConstruction #Construction