The company also announced it has opened a second factory in Ontario, California, and is working on a third, which will be its first automated facility, capable of building homes 20 to 50% faster than traditional methods
Plus, photos taken just days before the collapse show cracked concrete and corroded rebar in the building's garage
The class-action lawsuit was filed on behalf of property owner Manuel Drezner and 'on behalf of all others similarly situated' by the partial collapse of Champlain Towers South
The top things you should prepare pre-construction buyers for early
About half of the units of the 130-unit residential building Champlain Towers South collapsed on Thursday morning around 1:30 a.m. Officials do not yet know the cause
Former employees of the SoftBank-backed real estate startup say they were laid off without a fair warning
The company is seeking Chapter 11 protection as it reports assets worth far less than the venture capital it's raised
Residential construction spending continued to grow in April, rising 1.3% month over month for new single-family builds, according to report from the US Census Bureau
The decline follows a record month for new home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau
Navigating new construction is like walking through a field of landmines right now. You can never really be certain of the ground you are setting foot on because all continues to change at a rapid pace
It's your responsibility to ensure that your client is well-represented by having excellent knowledge of the process, great relationships with builders, creating clear communication channels and providing the best experience possible for your clients
Today's extremes won't last forever, but there's no silver bullet to end the crisis, and it's likely shortages in some form will drag on for years
Construction employment declined by 61,000 as the real estate industry yearns for more housing
This situation isn't just pandemic-related — the inventory crisis has been a decade in the making, driven by five major trends that are unlikely to change
There are many facets to consider when working with buyers who want to go the new construction route, especially with COVID, tariffs and uncertainty at play. These questions tackle some major issues clients could face