Development

California appeals court to decide whether Lendlease gets paid first.

The New York metro area leads with 33,000 units expected by year-end.

Builder confidence fell six points to 50 from July to August.

Interest rates, labor shortages, and material prices have all had an impact.

Company sold 20-acre Bay Area property to e-retail giant in 2021.

With Fed policy maintaining a tighter lending environment, developers will continue to have a challenging capital environment.

Even if resale listings begin to rise, the market for newly built homes will continue.

Single-family rentals remain popular with almost 136,000 units planned.