On July 4th, the “Big Beautiful Bill” was signed into law, making significant changes to the nation’s tax and benefits systems and expanding certain housing and economic development policies. According to a statement from the National Housi…
Construction on The Torch, a massive new hotel development on Manhattan’s West Side, resumed in late June after a one-year pause. The 52‑story, 1,067‑foot tower, developed by Extell and designed by ODA with SLCE Architects, hit major legal …
Access agreements—the legal documents you must secure before you can encroach upon your neighbors’ property to carry out needed work on your own—have long been a thorn in the side of co-ops and condos. This is particularly true in Manhattan…
With mortgage rates still up about 80% since 2022, the typical U.S. homeowner pays nearly $700 more each month—and, in some markets, an additional $1,000 or more . The 2025 edition of Construction Coverage’s U.S. Cities Most Impacted b…
According to a June 17 press release from the National Housing Conference (NHC), a new report from the Conference outlines conditions for administrative release from the long-standing conservatorship of Fannie Mae and Freddie Mac (the Enter…
Compliance with Local Law 97 and its many requirements can be tricky—and failing to do so can be very expensive, thanks to hefty fines. Fortunately, the NYC Accelerator program is available to help. Initially launched in 2012 as the Clean…
According to a recent press release, Freddie Mac (OTCQB: FMCC) has released the results of its Primary Mortgage Market Survey ® (PMMS ® ), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81%. “Mortgage rates moved lowe…
New tariffs on building materials are already hitting the housing market hard: according to the NAHB, construction of single-family homes dropped 12% year-over-year in April, and builders now estimate tariffs have added $9,200 to the cost o…
New Yorkers are not big fans of sidewalk sheds—the hulking, sunlight-and-storefront-blocking, trash-accumulating, rat-sheltering metal-and-plywood structures that protect passers-by from falling debris during facade repair and restoration w…
New York City is one of the most complex and competitive real estate markets in the world. From towering Manhattan co-ops to charming Brooklyn brownstones, managing property here is both an art and a science. Behind every well-maintained lo…