Category Archives: New Development

Trey calls BS on little houses

Posted on October 21, 2014 by grim

(IMHO, this guy, Trey Garrison, is the top real estate journalist at the moment. Holds nothing back. A few years back this kind of journalism out of a trade rag was unheard of. I’m still kind of surprised this kind … Continue reading →

Posted in Demographics, Economics, New Development | 71 Comments

Move over NYC

Posted on October 6, 2014 by grim

From the NY Yimby: North Jersey Builds a Lot of Housing, and Here’s How They Do It The pace of new residential construction is picking up in New York City, but it’s the west side of the Hudson that is … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 71 Comments

The Gold Coast River Bank?

Posted on September 27, 2014 by grim

From the WSJ: Comeback for Harrison, N.J. The town of Harrison, N.J., has long offered its residents a friendly, diverse and safe community; easy access to Newark, Jersey City and Manhattan; and relatively affordable wood-frame houses on quiet streets. “I … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Development | 41 Comments

The New Gold Coast

Posted on September 22, 2014 by grim

From the WSJ: Jersey City’s Housing Boom Expands Jersey City’s residential construction boom is spreading beyond its waterfront area to neighborhoods farther inland where planners and developers have long dreamed about building with little to show for it until now. … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Development | 71 Comments

NJ building permits up 30%, rentals account for 63%

Posted on August 29, 2014 by grim

From the Record: NJ builders on track to start largest number of homes since 2006 Despite last winter’s weather delays, New Jersey builders are on track to start the largest number of homes since 2006, led by a boom in … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 52 Comments

Going Long Jersey

Posted on August 23, 2014 by grim

From the NYT: Life After Brooklyn By many measures, Jeff Huston and his wife, Lisa Medvedik-Huston, arrived late to Williamsburg, Brooklyn. They weren’t among the first waves of artists and hipsters in the early-to-mid ’90s to cross the East River … Continue reading →

Posted in Demographics, Housing Recovery, New Development, NYC | 98 Comments

Since when is Cliffside Park and Wood-Ridge not Suburbia?

Posted on August 17, 2014 by grim

From the Record: As housing rebounds, construction pace picks up at 2 developments In a sign of the housing industry’s rebound, two large North Jersey redevelopment projects — in Wood-Ridge and Cliffside Park — are picking up momentum after being … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 110 Comments

Brooklyn by the sea

Posted on August 10, 2014 by grim

From the Star Ledger: Progress in Asbury Park, developers shift focus from oceanfront to downtown About 10 years ago, waves of ritzy, new multifamily buildings along Asbury Park’s oceanfront were expected to breathe life into a city in need of … Continue reading →

Posted in New Development, Shore Real Estate | 68 Comments

Building up, but no new jobs

Posted on August 5, 2014 by grim

From the Record: Home building is up, but construction hiring hasn’t followed While home building is on the rise in New Jersey, construction hiring in the state has actually declined over the past year. But that may change in the … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Development | 137 Comments

Sandy changes the shore a second time

Posted on August 4, 2014 by grim

From the Record: As shore properties are sold after Sandy, beach towns change Superstorm Sandy sent 18 inches of water rushing in to Bob Zirkel’s Ortley Beach home, causing thousands of dollars in damage. But bad as the storm was … Continue reading →

Posted in Economics, Housing Recovery, New Development, Shore Real Estate | 86 Comments

Are the experts right or wrong?

Posted on July 3, 2014 by grim

From the Star Ledger: NJ housing crisis: 8 key takeaways from live chat with experts 1) “New Jersey has quite a bit of affordable housing, but number one, not enough, and not necessarily in the right places.” The overwhelming majority … Continue reading →

Posted in Demographics, Housing Recovery, New Development, New Jersey Real Estate | 74 Comments

Flipping? Huh?

Posted on May 1, 2014 by grim

From HousingWire: Looking for a 30% profit? Flip a house Despite the percentage of flipped homes shrinking to 3.7% of the total homes sold, the profits from flipping a house are up to 30%. The share of flipped house sales … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, New Development | 112 Comments

Commercial investors positive on Jersey market

Posted on April 14, 2014 by grim

From the Record: Investors return for North Jersey real estate A few months ago, a Hoboken multifamily building, The Artisan, sold for a record $569,000 per “door,” or apartment. The acquirer, a real estate investment management company, forked over $33.6 … Continue reading →

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 78 Comments

Jersey Shore – GTL? Nah. TBTF.

Posted on April 5, 2014 by grim

From the NYT: Back to the Jersey Shore With beaches replenished, boardwalks rebuilt and stores reopened, the Jersey Shore is gearing up for a summer busy enough to make last year’s anemic one a distant memory. As renters rush to … Continue reading →

Posted in Housing Recovery, New Development, Shore Real Estate | 72 Comments

Homeownership vs Headship

Posted on February 5, 2014 by grim

From the Atlantic: Why We Shouldn’t Obsess Over the Falling Homeownership Rate In the midst of the recession, millions of Americans began to “double up,” in the language of demographers: Parents moved in with their children, recent college graduates returned … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Development | 67 Comments