AGP Executive Report
Last update: 7 hours agoConstruction Costs: Nearly nine in ten construction professionals say labour shortages are hurting projects, with mechanical and electrical trades especially hard to recruit. JLL says annual construction cost increases of 3% to 6% are now the norm. Data Centers: Rising costs and power delays are squeezing project margins, while a new ULI-Heitman report says AI is making power a key driver of real estate value. In Colorado, opponents gathered 30,000 signatures seeking a vote on a data center and tighter development rules. U.S. Housing: Sellers outnumbered buyers by a record 63% in September, as the number of buyers fell to its lowest level since Redfin began tracking in 2013. Affordable Development: A Seattle project broke ground on 400 affordable homes beside a light-rail station, along with an early-learning campus. Hotels and Residences: Corinthia plans a 50-suite hotel and branded homes on Grace Bay in Turks and Caicos. Global Investment: India’s institutional property market has attracted $85.5 billion since 2011, with capital shifting toward income-generating assets.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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