#residential-construction

#residential-construction

Specifically, the NYT reports, Zuckerberg has been engaged in a dwarven-style excavation project under his 11-parcel real estate complex in Palo Alto, digging 7,000 square feet of labyrinthian bunkers. The caverns have taken eight years of heavy construction, bringing "massive equipment and a lot of noise" to the neighborhood. Anyone else would probably bake their neighbors some muffins, or invite them over to a cookout to soothe tensions.

The province has approved a plan for Toronto to allow higher and denser buildings near transit stations, which will enable the creation of 1.5 million homes over 25 years.

Peter Jackson emphasized to analysts that many public homebuilders presenting earnings had painted a more positive outlook than the actual slowing trends in residential construction. He stated, 'There were a lot of public homebuilders that have released [earnings] over the past couple of weeks [that reported relatively more positive pictures], versus kind of our signal here that it's a bit worse than what people are thinking.' This suggests a disconnect between the perception of the housing market and the reality Builders FirstSource is witnessing.

The article suggests that California's low homeownership rate may be improved by focusing more on building single-family homes instead of a high number of rental units.