Real Estate & Construction News (1/28/25) – FTC suing Greystar, DOJ investigating top residential landlords and Trump facing a housing dilemma
In our latest roundup, construction technology funding stabilizes, office vacancies hit new high, builders outline recommendations to Trump, and more!
- Following a 44% downturn in construction technology investment in 2023, the contech funding ecosystem seems to have stabilized last year (Matthew Thibault, Construction Dive)
- The Federal Trade Commission and the state of Colorado are suing Greystar for allegedly deceiving consumers about monthly rent costs by adding mandatory fees on top of advertised prices. Jennifer Goodman, Multifamily Dive).
- To help support construction growth, Associated General Contractors of America has recently outlined five recommendations for the Trump Administration. Smartcities Dive (Sebastian Obando)
- The U.S. Department of Justice has opened an investigation into six of America’s biggest residential landlords over their alleged involvement with a price-fixing scam. (Eric McConnell – Yahoo)
- The rising mortgage rates come despite the Federal Reserve cutting interest rates by one percentage point over the past few months, which had given homebuyers hope that the cost of financing a home would come down. (Laurel Wamsley NPR)
- Trump is faced with a housing dilemma: mortgage rates haven’t fallen, and home prices will continue to rise over the next few decades. (Samantha Delouya CNN)
- Office space vacancies reached a new record last year. In the top 50 metro areas, 20.4% of offices were vacant. (Emily Peck, Axios)
