Equity Residential and AvalonBay Communities have outlined who will run the combined multifamily REIT after their planned merger of equals, naming a C-suite team that blends leaders from both companies. The executive lineup, announced Thursday and reported by the companies, will take effect when the all-stock transaction closes, which the firms expect in the second […]

While modular construction comprises a small niche in the U.S. ground-up residential development market – roughly 3% of new homebuilding – it’s an outsized opportunity for urban infill projects, where developers face tight labor constraints, regulatory barriers and high land costs.  Kinexx Modular Construction, which has built more than 100 housing units on urban infill

The average top-tier 30yr fixed mortgage rate rose 0.08% last Friday after the jobs report came in much stronger than expected. Today added another 0.02% of upward movement. Today’s level of 6.68% is the 3rd highest of the past 9 months. Unlike Friday, there were no big-ticket economic reports driving volatility in rate markets. The