The NYC City Council recently passed changes to Local Law 11 (LL11), which Mayor Adams recently signed into law. LL11 requires that all exterior walls of buildings taller than six stories—not just those facing the street—be professionally i…
According to a recent item on Global News Wire, Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey ® (PMMS) on May 15 showing the 30-year fixed-rate mortgage (FRM) averaged 6.81%. "The 30-year fix…
The Department of Buildings announced that it is extending to June 30th the 2025 Benchmarking (LL84) deadline for all property owners required to submit energy and water use data for the calendar year 2024. The deadline was previously set f…
Over the past four years, home affordability in the United States has rapidly deteriorated. A combination of home price growth, increases in mortgage rates, and income gains that have failed to keep pace has made it significantly harder for…
New findings from the Economic Research Service at the U.S. Department of Agriculture (USDA) identifies U.S. counties expected to face high housing stress in 2025. High housing stress is defined as areas where at least 29% of homes face…
May 1 marks the deadline for an array of compliance reports NYC co-op and condos must submit to the city; Local Laws 97, 84, and 88 reports are all due on May Day. But according to tech-driven property management firm Daisy , the Departm…
Even with new home sales rising thanks to builder incentives and a shift toward lower-priced homes, sky-high prices and economic instability continue to suppress overall housing market activity, according to a recent report in The Wal…
The 2025 edition of Construction Coverage’s Cities With the Highest Home Price-to-Income Ratios report examines the cities and states where housing affordability has taken the biggest hit. Key Takeaways Home Prices Far Outpace Income…
With organic composting requirements now instituted citywide, many buildings are looking to expand their own composting efforts. Along with information outreach and proper collection and storage containers, boards are turning to tech for ad…
The Council of New York Cooperatives and Condominiums ( CNYC ) has announced the release of a new planning tool to help boards plan Local Law 97 (LL97) projects. The tool is a user-friendly, dynamic, Excel-based spreadsheet that enables…