Housing Production Drops 2.6 Percent in April, as Multifamily Starts Fall
Led by a decline in multifamily production, nationwide housing starts fell 2.6 percent in April to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily starts fell 9.2 percent to a seasonally adjusted annual rate of…
Builder Confidence Continues on Upward Trend
In a further sign that the housing market continues to strengthen, builder confidence in the market for newly-built single-family homes rose two points in May to a level of 70 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the second highest HMI reading since the downturn. “This report shows…
New Master-Planned Community To Be Developed in Little River, SC
The former Bay Tree Golf Plantation, which closed in 2006, will soon become one of the area’s premier lifestyle communities. Wakefield Development Company, based in Virginia Beach, Virginia, purchased the property (located off Hwy. 9) in 2007. Plans for development were halted during the recession due to market conditions. In the last two years, Wakefield…
Builder Confidence Strong in April
Confidence amongst the nation’s home builders is strong according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence in the market for newly-built single-family homes remained solid in April, falling three points to a level of 68 on the after an unusually high March reading. “Even with this month’s modest drop,…
Gilbane Building Company Celebrates the Topping Out of the Legacy at Brier Creek Project
The Legacy at Brier Creek office building celebrated a significant construction milestone: placement of the final steel beam atop the 121,000-square-foot office building. Gilbane Building Company marked the completion of the steel framework with the traditional ceremony of raising the final beam. The beam, which was signed by those in attendance, featured both an evergreen…
Charleston Development Takes Shape
In a region where it is estimated that approximately 45 people are relocating daily, developers and builders are working overtime to keep up with demand for housing, services, schools and conveniences for a growing population. Thanks to foresight and years of careful planning, all of those elements are now coming together beautifully within a thoughtfully…
David J. Miskovich Appointed Chief Executive Officer of ROSS Companies
ROSS Companies, a leader in multifamily property management, acquisition and renovation in the Mid-Atlantic Region, today announced the appointment of David J. Miskovich as chief executive officer, effective immediately. Miskovich, who served as ROSS’s chief operating officer (COO) and chief financial officer (CFO) over the last 13 years, is the first CEO in the company’s…
