Category Archives: New Development

Beetlejuice in NJ

From NorthJersey.com: How to book an Airbnb tour of this ghostly ‘Beetlejuice’ house in New Jersey He’s the ghost with the most, babe, and now the site of his ghostly hauntings is open for the public to tour — if … Continue reading

Posted in Humor, New Development, New Jersey Real Estate | 41 Comments

Want cheaper houses? Build more of them.

From Yahoo Finance: Homebuyers still price sensitive as mortgage rates climb: Economist Mortgage rates rose for their fourth straight week, the 30-year fixed rate mortgage now sitting at 6.54%. Existing home sales also fell to a 14-year low, the National Association of … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Development | 66 Comments

150,000 new housing units coming

From JD Supra: New Jersey Releases Fourth Round Affordable Housing Calculations; Identifies Present and Future Need for 150,000 New Units Throughout State The Department of Community Affairs (DCA) has released its “fourth round” affordable housing calculations for the coming decade, … Continue reading

Posted in Crisis, Demographics, New Development, New Jersey Real Estate | 55 Comments

Bring on the units

From Gothamist: After years of delay, former Toys ‘R’ Us headquarters in NJ will be turned into housing Seven years after Toys “R” Us declared bankruptcy, a deal to put a substantial amount of housing on the site of the … Continue reading

Posted in Demographics, Economics, Housing Bubble, New Development, New Jersey Real Estate | 30 Comments

Flemington?

From NJ1015: The new ‘up-and-coming’ town in NJ is one you’d never think of When the pandemic hit, it sent a wave of New Yorkers into New Jersey. People flocked to commuter towns, and it felt like everyone was on … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 70 Comments

NJ’s warehouse craze over?

From NJ Spotlight News: Warehouse vacancies rise, fueling claims of an overbuilt market Warehouse vacancies in New Jersey are on the rise, as supply outpaces demand and community groups continue to fight the explosive growth in new construction. The vacancy … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 74 Comments

Starter home? What’s that?

From CBS News: As more first-time homebuyers are priced out, what can revive the American starter home? Felicia Ellis is actively looking to buy her first home by the end of the year. A three-bedroom, two-bathroom house on a tree-lined street in … Continue reading

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate, New Development | 103 Comments

Build baby build

From NJ.com: One of N.J.’s wealthiest towns to get first luxury apartment complex amid controversy Hundreds of rental units are coming to Colts Neck — one of New Jersey’s wealthiest communities — where developers have already broken ground on the … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate, Shore Real Estate | 84 Comments

The commercial slump

From NorthJersey.com: New commercial real estate projects have slowed in NJ thanks to high borrowing rates Construction in New Jersey isn’t what it used to be. In the commercial real estate sector — think strip malls, industrial warehousing, research and … Continue reading

Posted in Crisis, Economics, Employment, National Real Estate, New Development | 73 Comments

Grow baby grow

From NorthJersey.com: North Jersey city to see the region’s third highest number of new apartment units in 2024 In RentCafe’s annual Apartment Construction Report, analysts reviewed new apartment construction data for 369 U.S. metropolitan areas and uncovered which ones are expected … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development, NYC | 92 Comments

Just another day in NJ politics

Hat Tip Gator. From NJ101.5: NJ Democratic boss stares down officials at corruption-case news conferenceLike a boss, Democratic power broker George Norcross sat defiantly in the front row on Monday as the state Attorney General’s Office outlined a blockbuster corruption … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 92 Comments

Will builders pull back?

From CNBC: Sales of newly built homes tank in April, as prices and interest rates rise Sales of newly built homes dropped 4.7% in April compared with March, and fell a larger 7.7% from the prior year, the U.S. Census … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate, New Development | 37 Comments

Uh oh.. NJ hits peak-warehouse

From NJ Spotlight News: Warehouse industry reports point to possible slowdown Recent data from state and industry sources shows a sharp slowing in the number of building permits issued for warehouse construction last year in New Jersey. Those sources also … Continue reading

Posted in Economics, Employment, New Development, New Jersey Real Estate | 22 Comments

Paterson Renaissance?

From the Record: The Great Falls are essential to Paterson’s economic and cultural future There aren’t many urban centers in America that have a waterfall a stone’s throw away from their downtown district. Well, part of Paterson’s point of difference … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 187 Comments

NJ’s newest luxury residences

From the Star Ledger: Decaying former Playboy Club has been sold, N.J. mayor says The empty former Playboy Club — a longtime subject of fascination in northwestern New Jersey — has been sold, according to a local mayor. Vernon Mayor Anthony Rossi … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 41 Comments