Construction costs increased more than 5% last year, and they will likely climb again this year with pressure from tariffs and the ongoing labor shortage. Developers are looking for ways to curb costs in other ways to offset the rising prices. As construction costs continue to increase, developers can benefits from better pre-construction planning
Construction costs are continuing to climb. Last year alone, construction pricing increased 5.07%. Materials costs and a labor shortage are the main driver of the rising pricing, and they are likely to fuel another increase in costs this year. Read Article
With the landmark Decker House halved and moved to its new site, a long-awaited affordable housing it anchors broke ground earlier this week. The building will be the central element in a project dubbed Decker Court, which is the product of a collaboration between non-profit housing developer Heritage Housing Partners, the City of Pasadena,
RAAM Construction, a general building construction firm specializing in multifamily and historic preservation projects throughout California, has broken ground on the construction of two affordable townhome developments in Pasadena. The properties will consist of 16 two-story townhomes, nine at Decker Court and seven at Gill Court, with a shared driveway. Read Article
The 1892 Queen Anne Victorian is named after two of its early occupants, Frank and Anna Decker. It was first designated a city landmark in 1988 and has sat vacant for more than a decade. Thursday wasn’t the first time the house was relocated. It was built at Heritage Square, but needed to be
The historic house was split in two and will be reassembled for an affordable housing development. Pasadena’s historic Decker House is on its way to a second life as an affordable condominium building after it was split into two, load onto trucks and hauled up Fair Oaks Avenue on Thursday night. Read Article
“One of the challenges we face in historic preservation and working with structures where wood is dry is that you can’t just take a saw and cut a piece of old, dry wood,” RAAM Construction President and CEO Richard Lara said. “Specialty trades have to understand how it works and that you can walk
It could have been the size of the home-three times as large a s the one-broom rental where she'd been living with her two children. It could have been the fact that each person would have a separate bedroom. It could have been the two-and-a-half bathrooms. Or it could have been the fact that
When Heritage Housing Partners (HHP) identified a two-acre site near downtown, its aim was to preserve many of the historic homes on the property as well as to build new affordable housing that echoed the classic Craftsman style of the older houses.
Pasadena, Calif. - In the expensive Southern California housing market, crafting a financing structure that yields homeownership costs affordable to low-income buyers is enormously challenging. Combine a target of serving low- and moderate-income families with a goal of preserving and moving existing houses that are contributors to a local historic district, and you get
