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Real Estate & Construction

Has housing market hit bottom?

Numbers continue to rebound across board after nation-leading loss During the second quarter of this year, Mississippi again found itself worst in a national ranking. According to figures from the National Association of Realtors (NAR), from the second quarter of 2008 to the second quarter of 2009, total housing sales fell 28.8 percent, easily earning the top spot. Fortunately, the ...

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Greater Jackson housing market improving

Sales, average price on upswing in Metro area Just as with most markets across the state and nation, the housing sector in the greater Jackson area has been on the upswing since the beginning of the year. Both sales and average price have improved, and there is some optimism that the market is finally showing signs of stabilizing. “I think ...

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EastGroup pays 119th-straight dividend

JACKSON — EastGroup Properties’ board of directors has declared a quarterly cash dividend of $0.52 per share, payable Sept. 30, 2009, to shareholders of record of common stock on Sept. 18, 2009. This dividend is the 119th consecutive quarterly distribution to EastGroup’s shareholders and represents an annualized dividend rate of $2.08 per share. EastGroup’s portfolio currently includes 27.7 million square ...

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HEAVY METAL

Metal roofs many advantages now have one more: energy tax credits   Metal roofs can last up to 50 years, are safer in storms and are more energy efficient than asphalt shingle roofs. And now with federal energy tax credits possible to cover about a third of the cost of the metal roof materials up to $1,500, metal roofs are ...

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Mississippi State juggling multiple projects

    Tim Muzzi has become a very good juggler over the years. He’s had to keep several multi-million dollar building projects in the air at one time. As associate director of university architect facilities management, which oversees planning, design and construction on the campus of Mississippi State University (MSU), Muzzi has his hands full. Currently, there are six major ...

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School of construction only U.S. program with dual accreditation

The School of Construction is humming along at the University of Southern Mississippi (USM) with three undergraduate programs and one master’s degree with direct application to the construction industry. The master of science in engineering technology degree offers emphasis areas in construction management and technology, architecture and construction visualization and logistics management and technology. The undergraduate degrees are listed as ...

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Steel costs highest ever; lumber does nosedive

There is good and bad news regarding construction material costs. Lumber costs are the lowest seen in a very long time; however, the price of steel is at an all-time high.   The high cost of steel, a lot of which is imported, is linked to strong activity in the commercial building sector, said Bob Hellenthal, executive director, Mid South ...

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Major expansion projects

Ole Miss eyes future with new and expanded facilities across campus   The University of Mississippi (UM) is in the midst of major expansion with the construction of two new residence colleges, a new law school and an expanded baseball stadium. Between $170 and $180 million is being invested in ongoing construction projects at the university, according to Ian Banner, ...

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Home builders voice concerns

RIDGELAND — Home builders in Arkansas, Louisiana and Mississippi participating in a teleconference conducted by the National Association of Home Builders (NAHB) today said they are worried that the recent improvements they have been seeing in home sales are beginning to fade with the approach of the expiration of the $8,000 tax credit for first-time home buyers Dec. 1. Citing ...

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FNC splashes up new website

OXFORD — Mortgage technology company FNC Inc. has launched its new corporate website at www.fncinc.com. Using three primary menu options, viewers can now navigate the site based on their specific industry, the solution they need or the exact FNC product needed to solve pain points. From the site, they can also explore pages by following the site’s breadcrumb design, find ...

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