Category Archives: New Development

Used houses get even more used

Posted on May 13, 2025 by grim

From Redfin: The Homes Americans are Buying are Older Than Ever The typical home bought in the U.S. hit a record age of 36 years in 2024. That’s nine years older than the median age of homes purchased in 2012, … Continue reading →

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

What NJ makes, the world takes

Posted on April 30, 2025 by grim

(or is this the prelude to a catastrophic collapse) From ROI-NJ: Report: N.J. led nation in total sales volume for industrial space in 1Q New Jersey topped the nation in total sales volume for industrial space during the first quarter … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 242 Comments

Hudson Yards Casino Moving Forward

Posted on April 28, 2025 by grim

Uh Oh AC? From AMNY: Hudson Yards West project with proposed casino moves closer to approval; will plans help give MTA a financial boost? The bidding war for a NYC metro area casino license is heating up as the Hudson Yards … Continue reading →

Posted in New Development, NYC, South Jersey Real Estate | 129 Comments

Deal time?

Posted on April 7, 2025 by grim

From Yahoo Finance: Builders sitting on a pile of unsold homes are slashing prices and offering mortgage rate deals Homebuilders are sitting on the most unsold homes since the depths of the Great Recession, giving buyers a chance to snag … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Development | 188 Comments

That new build or renovation just got more expensive

Posted on April 3, 2025 by grim

From Politico: Where Trump’s tariffs will really hit home When President Donald Trump unveils his broad slate of new tariffs Wednesday, one industry that typically gets a sympathetic ear from the former real estate magnate is likely to feel especially … Continue reading →

Posted in Economics, Housing Bubble, New Development | 222 Comments

Not dead yet

Posted on April 2, 2025 by grim

From the Real Deal: Manhattan office leasing is back, baby  After finishing last year on a high note, the Manhattan office market came out the gate even hotter in 2025. Office leasing volume reached 12.2 million square feet in the first quarter, … Continue reading →

Posted in Demographics, Economics, Employment, New Development, NYC | 113 Comments

50 years of affordable housing

Posted on March 25, 2025 by grim

Fromt the APP: NJ built 400K affordable homes since Mount Laurel decision 50 years ago; it’s not enough On the 50th anniversary of New Jersey’s landmark affordable housing court decision, Gov. Phil Murphy on Monday praised the civil rights activists … Continue reading →

Posted in Demographics, Economics, Employment, New Development | 377 Comments

Tariffs to push up cost of housing

Posted on March 18, 2025 by grim

From CBS News: Trump tariffs could add more than $9,000 to cost of a new home, builders say resident Trump’s tariff policies could make building or renovating a home in the U.S. more expensive, according to builders.  The rising costs … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, New Development, Politics | 49 Comments

NJ just got a little more office space

Posted on March 12, 2025 by grim

From NJBIZ: DOGE cancels NJ leases totaling $2.76M in annual rents  As DOGE continues efforts to purportedly search for savings within the federal government, a number of commercial leases – including in New Jersey – are on the chopping block. Nationwide, … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 60 Comments

The future of NJ office parks

Posted on February 22, 2025 by grim

From RentCafe: Record-Breaking 71K Apartments Set to Emerge From Office Conversions Office-to-apartment conversions are surging in popularity, with 2025 set to reach a record-breaking milestone of almost 71,000 units in the pipeline. This surge comes amid a nationwide shortage of apartments … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Development, New Jersey Real Estate | 47 Comments

Still not building enough homes

Posted on February 11, 2025 by grim

From Fortune: 2024 new home sales hit their highest pace in three years. Does that mean lower home prices are around the corner? Home values have skyrocketed over recent years. The median sales price in the final quarter of 2024 was $419,200 … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 168 Comments

Jersey City is where we’re growing?

Posted on January 25, 2025 by grim

From NorthJersey.com: One North Jersey city leads the Garden State in housing development. See where While housing inventory across the nation has continued to fall short of meeting the growing demand, certain cities are making bigger strides at closing that … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 109 Comments

NJ Bakes, The World Takes

Posted on January 22, 2025 by grim

Why am I posting this? Who knows. We can still make things here in NJ. From Jersey Digs: Former New Jersey Party City Will Become One of America’s Largest Doughnut Factories A former Party City space just a stone’s throw … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Where's the Beef? | 220 Comments

Go Long on Greenland?

Posted on January 14, 2025 by grim

Real estate opportunity of a lifetime? From the Hill: 1 poll finds majority of Greenland respondents support joining US A new survey found that a majority of Greenland respondents support joining the United States. According to a poll by Patriot Polling released … Continue reading →

Posted in National Real Estate, New Development | 71 Comments

Build Baby Build

Posted on January 3, 2025 by grim

From RENJ: Judge: State can continue rollout of affordable housing law, pending outcome of legal challenge A judge has denied a request by some two dozen towns to halt the rollout of New Jersey’s new affordable housing law, in a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Development, New Jersey Real Estate, Politics | 63 Comments