Housing construction nationwide increased in February, contrary to predictions. Construction of new homes and apartments jumped 22.2 percent in February from January, the Commerce Department reported today. The new home construction rate at the end of February was 583,000 units. Construction activity as of February remained 47.3 percent lower than it was a year ago, but Wall Street still posted gains on today’s news.
|Landlord, tenant groups clash at RGB hearing over potential rent increases|
|Neighbors sue to block Extell’s UWS tower after city OKs amended plans|
|Brooklyn developer overcharged tenants by more than $1M at new 421a building: lawsuit|
|If the state kills the vacancy bonus, a new one could respawn|
|Brookland hit with eviction notice at its office, suits over unpaid construction work|
|Corcoran Group toughens clawbacks for departing agents|
|Knotel in talks for roughly $200M Series C funding round: sources|