Market Insights - Sachse

Market Insights

Contractors Find New Ways to Cope With Elevated Lumber Prices

Although material price fluctuations have wreaked havoc on construction, labor has become the dominant source in driving costs, experts say. U.S. commercial and residential builders breathed a sigh of relief last month when softwood lumber prices dropped more

Start Prepping Now for the Next Normal in Construction

Construction is the largest global industry that accounts for 13% of global GDP. It encompasses infrastructure, industrial structures, and real estate and today many companies are adjusting their business models to embrace the next normal in construction. It

Louis Vuitton Store at Somerset Collection to Unveil Expansion Friday

The Louis Vuitton store at the Somerset Collection in Troy will unveil its newly expanded space on Friday, Oct. 15, which will feature women’s and men’s ready-to-wear, watches and jewelry, and a VIP room. The new space will join added selections of

Developer Targets Second Phase of West Village Neighborhood Development

Four years after opening the first $4 million phase of The Coe, a joint venture between Detroit-based developer Woodborn Partners LLC and Detroit-based North Coast Partners LLC has its eyes on a second phase next to it. The second phase would be

Downtown Detroit Synagogue to get $4.5 Million Renovation

The synagogue with colorful windows in Detroit’s Capitol Park neighborhood is expected to get a big renovation. The Isaac Agree Downtown Synagogue at 1445-1457 Griswold St. is targeted for an overhaul to every floor, including opening up the first-floor

Automotive ‘Country Club’ in the Works for Howell Site

A racecar-loving father-and-son business duo are moving forward with an ambitious plan to bring a multimillion-dollar automotive country club and garage development to a 270-acre site owned by the city of Howell. The project, Motorsports Gateway, calls for 67

How Fashion Brand Faherty Tapped Into Resort Towns for its Retail Expansion

Fashion brand Faherty is taking its physical retail business on vacation. Prior to 2020 the company, which was founded back in 2012, had 14 stores concentrated in major cities such as Boston, San Francisco, Chicago, along with multiple New York City

Steel & Lumber Prices Raise Costs but Don’t Dent Robust Construction Pipeline

High demand and limited supply have led to dramatic increases in domestic steel and lumber prices this year, significantly increasing the cost of commercial real estate development. By early May, both steel and lumber prices had more than tripled since late