Urban Neighborhoods Matching Suburban Growth

A new Urban Land Institute study finds the population of urban neighborhoods in many metropolitan areas is growing as quickly or nearly as quickly as that of suburban neighborhoods, reflecting ongoing consumer demand–particularly among younger households-for “highly walkable” living environments convenient to jobs, transit and urban amenities.

Commercial/Multifamily Briefs

The Dodge Momentum Index, a leading indicator of construction spending, grew 0.8 percent in June to 165.5 (Year 2000=100) from May’s revised 164.2 reading.