Watch The Outlook Webinar: Incorporating Manufactured Housing into the Builder Model
Dec 12, 2013
Housing Trends
The inclination for commercial real estate in America is gaining popularity amongst foreign investors and shows no signs of slowing down, says Fox Business. There is also a growing interest in residential property and funds from overseas are flooding the American market.
Even with interest rates on the rise, as reported by Bankrate.com, there is a heightened level of activity in the real estate realm and demand has steadily surpassed supply. The number of developments underway has grown and the sales pace is moving more and more rapidly. The Real Deal recently highlighted that the growing trend has caused investors to make more direct contributions through purchasing stakes in property or providing capital to developers, as opposed to investing in a real estate institution.
The surge in real estate investment is stimulating the revival of residential construction. The trend seems to be moving from large east and west coast cities to areas with potential for long-term profit such as Dallas and Houston. Dallas News reports, Dallas and Houston have seen boosts in commercial property investments due to population increase and shifts in business. Even in Detroit, Dongdu International (DDI) reportedly paid $13.6 million for two buildings including the former Free Press tower. They plan to convert the tower into rental community.