Real Estate Wire/Green Trends News Wire

By Mike Bonts Editor, Real Estate Wire ORLANDO - The hotel capital of Florida, Orlando and Kissimmee, are the target for third party-hotel reservation scams.  Respectable hotel brands seem incapable of stopping the scammers and in some cases disavoy any knowledge or responsibilty. Hotelvalues refused to issue a refund for a reservation  made 24-hours earlier . They cite it being a hotel policy even when the hotel didn't receive any compenstion. There is a website dedicated to complaints against these third-party web sites. Allied Market Research recently published a report, titled, "Travel Accommodation Market by Type (Hotels, Hostels, Resorts, Vacation Rentals, Others.) According to the report, the global travel accommodation industry generated $632.80 billion in 2021, and is expected to reach $1,974.30 billion by 2031, witnessing a CAGR of 11.3 percent from 2022 to 2031. The travel accomodation market is prime market scammers. Central Florida is no exception. When making on...

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) applaud the Biden administration for continuing to recognize the nation’s critical shortage of affordable housing and taking additional steps today to help address it. In addition to the Housing Supply Action Plan announced in May, today the Treasury Department issued new guidance to make it easier for state and local governments to use their American Rescue Plan (ARP) funding to boost the supply of affordable housing. NMHC and NAA, on behalf of the approximately 40 million Americans who call an apartment home and the 17.5 million jobs that the apartment industry supports, thank the Biden administration for making housing affordability a key priority. According to new research released today, conducted by Hoyt Advisory Services, the U.S. needs to produce 4.3 million more apartments by 2035 to keep up with demand and address the undersupply caused by underbuilding after the 2008 financial crisis. Th...

Brayton Point Commerce Center hosted President Joe Biden at the Brayton Point redevelopment project in south Massachusetts. Big thanks to the administration for highlighting the use of legacy energy assets to propel the transition to renewables. "Today, Brayton Point is on the frontier of clean energy in America. On this site they will manufacture 248 miles of high-tech, heavy-duty cables. These specialized subsea cables are necessary to tie offshore wind farms to the existing grid. Manufacturing these cables will mean good paying jobs for 250 workers. As many as the old power plant had at its peak." President Biden said. In 2018, CDC/ELT acquired Brayton Point and set a goal to transform the retired power plant into a logistics and manufacturing hub for offshore wind energy. They report overwhelming success in that endeavor.  The property is the future home to a subsea cable manufacturing plant (Prysmian Group) and an electric converter station (Mayflower Wind) which will br...

By Mike Bonts Sustainability has long been a pressing issue on the minds of many socially conscious consumers and business owners alike, and for good reason – the planet’s ecosystem depends on it. For vital industries like construction and manufacturing, the need to recognize and act upon the vast importance of sustainability is not only a sensible business decision but also a duty to the natural world. The circular economy is an effective process adopted by many in an effort to improve overall sustainability, and for immensely popular and critically important materials like steel, it may even be a necessity in maximizing resources and minimizing carbon footprints. How exactly does this make a difference in terms of the future of sustainable production, and why should you be concerned? Whether or not you happen to be in the industry yourself, it is important to understand what exactly is being done to reduce the negative impact of manufacturing and construction on the environment, as y...

By Bill Donahue At first, it seemed as though nothing could go wrong.  Dockless shared electric scooters began showing up on the streets of the world’s cities in 2017, and the vanguard — techies, baristas, twentysomething daredevils — hopped on and rode, confident that they were tilting against two looming threats, urban congestion and climate change.  The future of scootering seemed so bright that the valuation of the largest manufacturer, Bird, went from $300 million in March, 2018, to $2 billion three months later, an astronomical leap, even by Silicon Valley standards. But Bird’s earliest scooters were so flimsy that, in one 2018 study, their average life span on the streets of Louisville, Kentucky, was just 28.8 days. (Bird disputes the study’s findings pointing to an investor presentation from 2022 claiming that the “half-life” of its earliest scooters was three to four months.) Reports of scooter battery fires and brake failures across scooter brands began hitting the n...

WASHINGTON – Regulation imposed by all levels of government accounts for an average of 40.6 percent of multifamily development costs, according to new research released by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC). “The U.S. is facing a serious housing affordability crisis, in part, because of this overly burdensome regulatory environment,” said Doug Bibby, NMHC President. “We need to do all we can to lower the cost of housing, and that should start with eliminating duplicative and unnecessary regulations. Those extra costs make many projects financially unviable given that housing providers are already dealing with sky-high land, materials and labor costs.” ”This study clearly shows how burdensome regulations are exacerbating the nation’s housing affordability crisis and that officials at all levels of government need to make it a priority to reduce excessive regulatory costs to allow developers and builders to boost housing ...

  WASHINGTON —  New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family construction growth in small and large metro urban, suburban and rural regional submarkets slowed in the first quarter of 2022 compared to the same time period as last year, with notable deceleration in large suburban markets.  In contrast, multifamily growth in large population centers has rebounded from negative growth rates and posted sharp gains during the same time period. “As the year has progressed, we have seen signs of an increasing slowdown in the single-family market,” said NAHB Chairman Jerry Konter, a home builder and developer from Savannah, Ga. “Ongoing building material production bottlenecks have delayed or stalled home building projects, construction labor shortages are running near an all-time high of 400,000 workers and more recently the rapid runup in mortgage rates have all combined...