Published: June 15, 2010
Tags: foreclosure, homebuilder, homeowner, housing, index, market, National Association of Home Builders, tax credit, Treasury Department
By Alan Zibel AP Real Estate Writer Washington (AP) — Homebuilders are losing confidence in the housing market now that government incentives that spurred home sales have ended. The National Association of Home Builders reported Tuesday its housing market index fell to 17 in June, sinking five points after two straight months of increases. It [...]
By Paul Snyder The Gallina Cos. is asking Madison for a two-year extension to build an 81-acre subdivision on the city’s west side. Craig Enzenroth, president of Middleton-based Gallina, said the real estate market is too shaky to immediately move forward with the Tormey Ridge project, which would include 162 single-family lots and three multifamily [...]
Published: March 11, 2010
Tags: Cindy Kuhs, grant, Greater Milwaukee Association of Realtors, housing, Kuhs Quality Homes, land bank, Mahan, market, Milwaukee, Milwaukee Community Development Block Grant administration, Milwaukee Neighborhood Reclamation, real estate, Ruzicka
Comments: 1
By Sean Ryan The city of Milwaukee’s growing presence in the real estate business is raising questions about government’s role in the private market. Milwaukee is considering funneling $3 million in federal money to the city’s subsidiary company, which uses federal grants to buy foreclosed and vacant houses and sell them to new homeowners. The [...]
Published: March 3, 2010
Tags: affordable housing, Affordable Housing Development LLC, Countrywood Apartments, Gorman and Co. Inc., investor, Kate Venne, Lyndon Jackson, market, Matkom, tax credit, WHEDA, Wisconsin Housing and Economic Development Authority
By Sean Ryan A fickle affordable-housing market is telling developers to find the right location or the tax credits that pay for projects will be worth little more than the paper they’re printed on. That market fact is encouraging developers in big cities such as Milwaukee, while developers in less-populated areas wait for a friendlier [...]
By Paul Snyder Although a report predicts that filling Madison’s vacant office space will accelerate this year, construction of new office space probably will not follow quickly. Such construction probably is two years away, said Chris Caulum, senior real estate associate for the Madison affiliate of Grubb & Ellis Co., a Santa Ana, Calif.-based real [...]
Published: December 29, 2009
Tags: C.D. Smith Construction, Focus on Northern Wisconsin, jobs, Luther Midelfort Hospital, market, Market & Johnson, Midelfort, Nestle, Reiter, Shaw-Lundquist Associates, The Boldt Co., University of Wisconsin-Stout, Wieser Brothers General Contractor
Janine Anderson Special to The Daily Reporter There is a dark side to being a bright spot in the state’s construction market. There are buildings to build in northwest Wisconsin, but intense competition from companies based outside of the region — from La Crosse north to Superior — is making it harder for local firms [...]
By Larry Michael The run-up the construction industry experienced throughout the 1990s was actually a 14-year market expansion. That’s quite a party, and the aftermath will be quite a hangover. Most industry cycles are shorter and less severe, so the payback this time will be significant. The key is to know and understand at all [...]
By Paul Snyder A condominium project up for approval from the city of Madison represents a developer’s resolve to finish a project more than a signal of a recovering market. “At the time these were first proposed, it was the go-go years of condos,” said city planner Tim Parks. “Part of the reason we have [...]
Published: November 11, 2009
Tags: Associated General Contractors of America, Brenner, Deschane, Encore Construction Inc., Kolbe & Kolbe Millwork, layoffs, market, recession, Simonson, Wisconsin Builders Association, Wuebben
By Paul Snyder The residential construction market’s slow recovery is putting jobs in peril at building supply and material companies. “Unfortunately, unemployment tends to lag with recovery,” said Jerry Deschane, executive vice president of the Wisconsin Builders Association. “Even though we’re starting to see some signs of rebound, it’s still an awful climate out there.” [...]