Economy

The US apartment construction pipeline has filled up as demand has escalated, but year-to-date completions through Q3 aren't running far ahead of the pace set last year, says Yardi Matrix.

The way we have been measuring millennial demand for homeownership may be been skewed. A report from Fannie Mae and the University of Southern California tackles a new approach that shows millennials are more enthusiastic about home ownership than realized.

The rezoning brings $178.2 million in investments to the area but community activists fear long-term, lower income residents will be displaced.

To help pay for the massive transit improvements, the RPA recommends imposing tolls on the four East River bridges, charging tolls on all major roads (including interstate-designated highways) and ultimately instituting vehicles miles traveled or miles-based user fees.

After several record-setting years, developers moderated the pace of new construction in 2017.

Industry response to the Senate's tax-reform vote early Saturday morning is mainly, although not uniformly, positive.

"Retailers who successfully integrate their brick-and-mortar stores with online and mobile platforms will continue to flourish for the long term,” says Steven K. Winters of CBRE.

However, Ken Simonson with the Associated General Contractors of America says year-to-date spending on infrastructure “has fallen short of the already inadequate amounts posted in the same period of 2016."