News: Rhode Island

President's message: 2013 Home Show a huge success!

It was a long time coming, and many people put in tremendous amounts of work to make it a success: It was the Rhode Island Builders Association's 2013 Home Show, and it happened in April! We and thousands of visitors caught the fun at the Rhode Island Convention Center, Providence, from April 4 - 7. Many RIBA members benefited by exhibiting at the show. By the way, if you're not a member of RIBA, go stand in front of the mirror and ask yourself, "Why not?" The Home Show is only one of the exciting events and huge array of member benefits that RIBA offers. We thank member Ron Smith and the Home Show committee for all their hard work! Special thanks also go to member Carol O'Donnell of CRM Modular Homes for arranging for the 902 s/f Saco Bay Model Modular Home as the show's centerpiece, and to the whole committee, who worked so hard. Permits up nationally According to the National Association of Home Builders, single-family building permits, an important indicator of future building activity, rose 1.9% to a seasonally adjusted, annual rate of 584,000 units. On the multifamily side, they were up 1.5% to a 341,000-unit pace in January. Both were the strongest permit numbers seen since mid-2008. Of course, that's nationally. Rhode Island's economy and housing market continue to lag. Let's hope that the good sense and responsible economic policies in states where housing is recovering will rub off on Rhode Island. Felix Carlone is the president of the Rhode Island Builders Assn.Felix Carlone, F.A. Carlone & Sons
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary