Real Estate & Construction News Round-Up (05/25/22)

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U.S. cities begin leveraging infrastructure coordinators, Texas tax appraisers have been put on notice, China’s property market is projected to worsen throughout 2022, and more.

  • Businesses and real estate agents who continue to adopt proptech will set themselves apart from the competition, augment their business opportunities and enhance their clients’ experiences. (CIO Review)
  • While the $1.2 trillion infrastructure bill will spur new construction jobs, additional workforce development and training will be key to capitalize on new project opportunities. (Julie Strupp, Construction Dive)
  • In Texas, ACTRIS MLS, the subscription service that provides real-estate professionals listings information, including sales prices, issued a cease-and-desist order to the Hays Central Appraisal District, citing unauthorized use of ACTRIS MLS data. (Cindy Widner, The Real Deal)
  • Cities across the U.S. are leveraging infrastructure coordinators to oversee projects as they access millions in federal funds from the Biden administration. (Karen Kroll, Construction Dive)
  • In a recent survey by the National Federation of Independent Business, construction industry business owners are more concerned about the state of the economy than those in other sectors, citing a high level of job vacancies. (Deanna Narveson, Baton Rouge Business Report)
  • China’s property market woes are projected to worsen throughout 2022, with prices remaining flat and sales and investment falling further. (Liangping Gao and Ryan Woo, Reuters)