Real Estate & Construction News Roundup (10/16/24) – Chevron Ruling’s Impact on Construction Industry, New Kind of Public Housing and Policy Recommendations from Sustainable Building Groups

Posted

In our latest roundup, Hurricane Helene affects infrastructure, California Gov. 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 ruling will likely have a seismic impact on laws that pertain to the construction industry. (Julie Strupp, Construction Dive)
  • California Gov. Gavin Newsom signed three bills changing renter protection practices in the state last month including new requirements for security deposit deductions and restrictions on certain fees. (Mary Salmonsen, Multifamily Dive)
  • As the Federal Reserve kicks off its rate-easing cycle, transaction volume is starting to tick up and will be able to continue the momentum 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 the U.S. grapples with a massive housing shortage and sky-high prices, local governments are picking up on the idea of new mixed-income apartments that will be majority owned by the states, cities, and/or counties. (Jennifer Ludden, NPR)
  • A coalition of leading sustainable building organizations has released a detailed agenda for the next administration, aimed at helping commercial buildings recover from the current downturn and better prepare for the future. (Deisy Verdinez, U.S. Green Building Council)