Article points to rising mortgage interest rates, shortage of construction labor, and increased cost of materials like concrete and labor, raising builder costs for new home starts. But perhaps the resale home market will benefit from the lower supply of new homes being built? And local markets affected by hurricane damage like in North Carolina will likely require extension rebuilding of homes and temporary housing for those displaced from their homes. What do you think?
With Anna Zahova, of MyPropertyNYC, Host, and Marc Supcoff, Esq.
"The chameleon of construction" according to Amy Gammerman, author of the WSJ article. Building a reinforced concrete home may cost more, but they are energy efficient (in summer and winter) and more disaster resistant. Who knew? Famous 20th Century Architects Le Corbusier, Paul Rudolph and Louis Kahn all experimented with concrete in their designs. For sure, their designs were way ahead of their times!
NYC Real Estate agent Anna Zahova is your host and construction and real estate attorney Marc Supcoff is guest interviewee.
The Law Offices has obtained summary judgment on behalf of a New York women's clothing company that filed suit in 2016 against a national retailer for breach of contract and account stated for failure to pay for purchase order goods delivered and accepted by the retailer. Manhattan Supreme Court Justice Andrew S. Borrok also dismissed the retailers' counterclaims. hashtag#supremecourt hashtag#breachofcontract hashtag#purchaseorders
Disinterest in construction work is contributing to a labor shortage that has meant fewer homes built and rising prices—possibly for years to come
This is GroundBreakers NYC podcast where Marc Supcoff is interviewed by MyPropertyNYC Host Anna Zahova.
Interview With Marc Supcoff on The Real Estate Buying Process in NYC
Having just returned from spending 5 fabulous days in Copenhagen, I could not help but notice this article on the resort town of Skagen. According to local architect Alfred Hansen, "the location is the luxury." ... On my next summer trip to Denmark, I want to include Skagen!
As both an experienced litigatior and AAA-trained mediator, I support this pilot program in Manhattan Supreme Court offering commercial contract disputing parties with claims under $500,000 to mediate their dispute early in the litigation process. ... The succsss rate for mediation is significant: In nine months from May 2017 through January, 145 cases were referred to mediation through the pilot program, according to court data. Of the 99 cases that have completed mediation, 50 were settled.
Ambitious underground rail system under construction will ring around Paris suburbs, spurring regional development, and increasing public transportation into City.
In my construction law practice, I've worked with acoustical engineers to soundproof noisy central air conditioning equipment concealed inside the wall of a client's residential apartment... But this is the first I've heard of hiring a noise consulantt to quiet the sound from electronic gadgets throughout the hi-tech home!
"Concerns about rising interest rates and construction costs have been offset by low unemployment and increasing wages, combined with short supply based on years of underproduction of new homes,” according to Lennar Corp. Executive Chairman Stuart Miller.
U.S. Commerce Department data released Monday appears to confirm new home construction business outlook is improving: May purchases of newly built single-family homes rose 6.7% from a month earlier, or 14.1% from a year ago.
Watch Flippy the robot flip burgers at Caliburger in Pasadena, CA. He really leans into it and has just the right wrist action!
One Dutch (Street) is a 12-story former office building converted to rentals. 19 Dutch is new 64 story glass tower with 483 apartments.
Check out these high-end mailrooms where residents get their mail and mingle. So much fancier than the campus mailroom of college days where students picked up their mail between classes and there was hardlyany extra space to mingle. We did, however, have an adjacent U.S. Post Office!
New York City? San Francisco (where Levi Strauss invented them)? ... The answer is Kuakashi, Japan. This City's Kojima district was once a hub for manufacturing school uniforms, judo-wear and canvas sails. Today, a small group of Japanese denim brands use the old hand-operated looms -- that produce less than a yard of fabric a day -- to manufacture hand-stitched jeans that fade and crease differently over time for each wearer. Then the jeans are sold in select Japanese shops, New York
I may not be in Madrid this Summer (like my son who is there now on study abroad), but this article and photos of gut-renovated estate which was once a grain mill provides a glimpse into the past and present of Spain's capital city.