Each Monday, we'll let you know what's coming in the week ahead, including important residential and commercial report releases, as well as our feature articles.
"The Dotted Line" contract series: Contract language — Oct. 4
In January, we launched our year-long series, "The Dotted Line," exploring facets of construction contracts each month. From guaranteed maximum price to design-build to lump sum, we've looked into the intricacies of each type of agreement.
On Tuesday, Oct. 4, the next installment in our series will explore the potential for miscommunication and misunderstandings in contract language. Contractors don't always end up signing what they think they're signing. We'll look into the most misinterpreted clauses, phrases and terminology in contracts that have the potential to transform minor conflicts into major legal battles.
CoreLogic Home Price Index — Oct. 4
CoreLogic will release its August Home Price Index on Tuesday, Oct. 4. Last month, CoreLogic announced home prices increased 1.1% between June and July and 6.0% between July 2015 and July 2016. July's price hike was once again higher than CoreLogic's prediction of only a 0.6% gain.
CoreLogic Chief Economist Frank Nothaft said that if the environment of low mortgage rates and employment growth continues, those factors will continue to drive home prices higher.
In last month's report, CoreLogic predicted home price growth would slow between July and August and rise only 0.4%. Will Tuesday's report once again reveal an underestimation of price growth?
Trends in outpatient healthcare construction feature article — Oct. 6
There's a new trend in healthcare construction designed for dealing with high patient turnover, as well as creating a more convenient and less costly experience than what patients find in a traditional hospital setting. In our feature article on Thursday, Oct. 6, we'll look at the growing area of urgent care and outpatient facilities and explore how developers are using modular construction to speed along the building process.
