This week’s roundup features declining housing starts, proptech and its potential impact on the affordable housing sector, residential solar market, and more.
According to a Dodge Date & Analytics report, total housing starts fell 19% in September. (Sebastien Obando, Diving under construction)
Proptech, initially geared towards luxury homes, is now branching out into multifamily across the board, which could lead to immense changes in the affordable sector. (Jordana Rothberg, Multi-Accommodation News)
With changing demands for innovation and increased emphasis on digitalization, the parking industry is evolving to reallocate spaces and reinvigorate its momentum with available real estate. (George Baker Sr.., Forbes)
Although foreign investors are hoping for a bailout, China the central government does not plan to spend billions to save its real estate sector. (Evelyn Cheng, CNBC)
The residential solar power market broke growth records for the fifth consecutive time during the second quarter of 2022, and the Curbing Inflation Act is expected to boost the sector even further. (Olivia Rosane, EcoWatch)
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