Lark Mallory’s Post

The Kāinga Ora project raises important questions about the efficiency of government spending in housing. While the goal is commendable, I believe the private sector could deliver these projects more efficiently, with better accountability and results. Instead of focusing on direct builds, the government could empower private builders, support home buyers with smarter policies, and invest in infrastructure. This would ensure housing affordability without the risk of wasted resources. It’s time to rethink how we approach housing solutions for the long term. https://lnkd.in/g26WrNeB

What makes large housing projects successful in Jamaica?

🚧 𝐁𝐨𝐨𝐬𝐭𝐢𝐧𝐠 𝐇𝐨𝐮𝐬𝐢𝐧𝐠 𝐒𝐮𝐩𝐩𝐥𝐲: 𝐀 𝐒𝐭𝐞𝐩 𝐅𝐨𝐫𝐰𝐚𝐫𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 🚧 The Coalition recently proposed a $5 billion infrastructure package aimed at accelerating home building across Australia. Key Takeaways: 1️⃣ Infrastructure Investment: This funding directly addresses the bottlenecks that our builders face, enabling project delivery and ultimately increasing housing supply. 2️⃣ Stability in Regulations: The proposed pause on future changes to the National Construction Code (NCC) offers much-needed certainty, allowing builders to focus on delivering quality homes without the burden of constant regulatory changes. 3️⃣ Reducing Red Tape: By alleviating bureaucratic hurdles, we can enhance productivity sector, which is vital for meeting the growing demand for housing. While this announcement is just one step towards addressing Australia's significant housing shortages, it's a positive move towards making the dream of home ownership a reality for more Australians. 🤝 Housing Industry Association (HIA) #Construction #Housing #TrustInConstruction

🌳Build to Rent could be the key to unlocking the potential of brownfield sites in the UK. With the general election only next year, a new government will have the chance to get behind the residential development market. Build to Rent should be promoted as a good option when it comes to brownfield development. Recent reports have rightly pointed out, however, that local policy and the whole planning process could certainly do more to facilitate and encourage the growth of the sector. If this is to happen, policy needs follow-through - a very real conversation with decision makers will need to be had if the situation is going to improve and lengthy planning battles are to be avoided, at a time when quality housing simply needs delivery Read Tom Spencer's, Partner and Head of Development Agency at Rapleys, full article, including the opportunity surrounding BTR and brownfield sites, and how the government could accelerate this, via the link below. 👇 https://lnkd.in/dKyBHYaf #brownfieldsites #UKGovernment #BTR ---- 💡 Follow PropTech Connect for daily #RealEstate and #PropTech news and insights.

250,000 homes set to be delivered over the next 5 years 🏡 In a recent announcement made by Simon Harris, the targets for housing construction in Ireland are being increased from currently 33,000 homes a year to now on average 50,000 homes per year for the next 5 years 👏 Read more on this latest housing announcement 🔗 https://lnkd.in/ejg6fQWx #Housing #HousingIreland #HousingUpdates #Property #Development #HousingTargets

This article deftly describes the headwinds facing construction of new multi-family housing in Massachusetts right now. While important steps are being taken to zone more sites for multi-family housing, the significant barriers of financing and high construction costs have to be addressed as well in order for many of the stalled projects to move forward and address the Commonwealth's rising housing needs. https://lnkd.in/dw9wV8Up

Residential Construction Decline: A Call to Action 🏡 Residential construction work fell by 2.8% in the first quarter of 2024, with only $19.6 billion invested, according to the latest ABS data 📉. Master Builders Australia CEO, Denita Wawn, highlighted the urgent need for policy changes to boost building activity. She stressed, "If we are going to undo decades of under-building and resolve this housing crisis, we need to change the economic environment to encourage investment." 🏘️ It's clear that improving housing affordability hinges on building more homes. Let's work together to reduce construction costs, build times, and approval delays to meet the growing demand. Masterbuildersaustralia #HousingCrisis #ConstructionIndustry #AustraliaRealEstate

Housing construction starts in Australia came in at record lows in 2023/24. But there are some better signs on the horizon as conditions are expected to improve in coming years. #construction #housing #property #realestate https://lnkd.in/g5d4aaRC

Residential construction work falls 2.8% The key to improving housing affordability is to build more housing. But the amount of new housing coming online is actually declining. A total of $19.6 billion of residential construction work occurred in the first quarter of 2024, according to the latest data from the Australian Bureau of Statistics. That was 1.2% less than the quarter before and 2.8% less than the year before. Master Builders Australia CEO Denita Wawn said residential building activity has slumped at a time when communities are crying out for new homes. “If we are going to undo decades of under-building and resolve this housing crisis, we need to change the economic environment to encourage investment across all sectors of the industry by reducing the cost of construction work, reducing build times, reducing planning delays and slow approval processes,” she said.

The authors rightly point out the opportunity and constraints to the federal land strategy. However... dedicated land is only a small part of the equation. The line: "Cheap land reduces construction costs, and by controlling what kind of housing is built in an expensive market, the government hopes to spur projects that create more homes for low- and middle-income Canadians" is misleading and confusing - a problem that is all too common in the housing debate. Never mind the fact that this strategy was promised in the 2015 election campaign, it's not clear what they mean by "cheap" land - sold/leased below market? How does that impact the federal balance sheet? To truly create conditions appropriate to facilitate projects that will impact the current crisis, several things need to happen. To name a few: 1. Rapid, pre-approved permitting schemes 2. Massive influx of skilled labour such that all verticals of construction sector have the means to spur new companies and create competition (thereby keeping prices flat) 3. Project economics suitable for financing that support the risk of large capital projects. 4. Infrastructure investment to support the community and not place burden on future development (further exacerbating the load on the private sector via expanded DCCs). #yvrrealestate #yyzrealestate #VancouverRealEstate #TorontoRealEstate #CommercialRealEstate #OfficeSpace #IndustrialProperty #MultifamilyInvestments #affordablehousing #CRECanada #InvestmentOpportunities #PropertyInvestment #RealEstateInvesting #UrbanDevelopment #CommercialProperty #RealEstateROI #CREVancouver #CREToronto #AssetManagement #RealEstateTrends #RealEstateFinance #CommercialLeasing #theglobeandmail