construction costs
Coverage of construction costs in the Nexus archive.
- Why Philly’s public housing costs an average of $315,000 per unit
Philadelphia's Housing Authority plans to spend $6.3 billion over eight years to preserve, redevelop, build, or acquire 20,000 subsidized housing units, averaging $315,000 per unit. High costs stem from strict regulations, expensive construction in Philadelphia, limited federal funding, and aging housing stock. PHA President Kelvin Jeremiah noted the plan would not be viable as a for-profit venture.
- Stymied datacentre projects threaten global AI revolution
Large-scale datacentre projects globally face challenges including energy supply issues, high construction costs, and environmental concerns. A proposed 2,000-acre datacentre in Virginia was opposed due to its proximity to a Civil War battlefield, with critics arguing it would disrupt the historic site's solemnity.
- Two prominent homebuilders weigh in on where the local industry currently stands
Two prominent homebuilders discuss the challenging state of the local homebuilding industry, citing cautious buyers, elevated construction costs, and ongoing regulatory hurdles as key obstacles.