Real Estate & Construction News (10/16/24) – Impact of Chevron Ruling on Construction Industry, New Kinds of Public Housing, and Policy Recommendations From Sustainable Building Groups
In our latest roundup of news, Hurricane Helene impacts infrastructure in California. Gavin Newsom signs bills aimed at renter protections, Federal Reserve kick-off rate-easing cycle, and more!
Hurricane Helene illustrates how communities and infrastructure across the U.S. are unprepared for the extreme weather driven by climate change. (Julie Strupp Construction Dive)
- The Supreme Court’s June Chevron decision will likely have a profound impact on laws pertaining to the construction industry. (Julie Strupp, Construction Dive)
- California Gov. Gavin Newsom, California’s governor, signed three bills last month that changed renter protection practices. These included new requirements for security deposits deductions and restrictions of certain fees. As the Federal Reserve begins its rate-easing cycle the transaction volume is beginning to increase and will continue to do so as interest rates stabilize. (Josh Lipton, Yahoo)
- Federal Housing Administration (FHA) Commissioner Julia Gordon and David Berenbaum described a need for more reverse mortgage comprehension during an interview at this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego. Chris Clow, Yahoo
- As local governments grapple with a housing shortage and sky high prices in the U.S., they are embracing the idea of mixed-income apartment buildings that will be owned by states, cities and/or counties. Jennifer Ludden, NPR
- A coalition consisting of sustainable building organizations released a detailed plan for the next administration. The plan is aimed at helping the commercial sector recover from the current economic downturn and prepare for the future. (Deisy Verdinez, U.S. Green Building Council)
