
Beat-Up Banks Leave Real Estate Waiting
Last week’s bank earnings reports confirm: It’s going to be a long wait before projects will be able to find ready financing again.
Last week’s bank earnings reports confirm: It’s going to be a long wait before projects will be able to find ready financing again.
The Hub is No. 7 on the Turner & Townsend’s top 10 most expensive cities to build in. But it misses the mark by trying to off-load a big chunk of the blame on the workers building all those new towers taking shape.
For years now, experts have warned of a looming construction price apocalypse. Well, it has finally arrived, with steel and lumber both nearly tripling in cost over the past year, but 2021 is shaping up to be a record year for construction deliveries.
It’s too early to call an end to Greater Boston’s epic building boom, even if the coronavirus has managed the turn the global economy and all our lives upside down in a few short months.