1.In the two years since the housing bust started in earnest, the contraction in homebuilding has taken around one percentage point a year of GDP growth.
3.(Owing to legislation passed in the 90s to encourage new homebuilding, there are fewer regulations governing rental homes built after 1992.) Even so, Blackstone had two major problems.
5.It's located about 30 miles north of Austin, the state capital, and is a collaboration between Texas construction firm ICON, homebuilding company Lennar and Danish architecture practice Bjarke Ingels Group (BIG).
6.On November 11th China's central bank and banking regulator issued a plan to tackle some of these problems.They will encourage commercial banks to help finance stalled homebuilding projects, alongside state-directed " policy banks" .