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As we celebrate five years of exceptional service in Ogun State’s housing sector, we are thrilled to present highlights of our journey in delivering affordable homes. From Prince Court Estate Kemta to Sagamu, Kobape, Aviation Village, GRA Ibara, Igbeba Ijebu Ode, Ilaro, and beyond, this film showcases the unprecedented...

59,655 просмотров • 1 год назад •via X (Twitter)

Комментарии: 10

Фото профиля Foundational Okun man 😂 🇳🇬
Foundational Okun man 😂 🇳🇬1 год назад

Make Osun state boys no see this one again 😂😂😂 This one no be baby king’s way matter . Away from the shenanigans 750 units is massive, make my state governor come learn

Фото профиля Akitiolu 🇳🇬 🍦
Akitiolu 🇳🇬 🍦1 год назад

More of these is needed. Solid work so far.

Фото профиля Queen Aminat
Queen Aminat1 год назад

This is a very laudable achievement in the housing sector. You’ve gone above and beyond to demonstrate your commitment to providing the dividends of democracy to the people of Ogun State. Well done

Фото профиля PAPA WEMBA
PAPA WEMBA1 год назад

I’m always a fan of when people talk about their achievements themselves instead of waiting for their aides to do it… You’ve really done well and I’m really impressed with the level of work done in Ogun state.. Constructive criticism is what every responsible citizens should do not just attack and attack without purpose ..

Фото профиля Madam President (rtd) Iyabo Arinola Ifeoma Awokoya
Madam President (rtd) Iyabo Arinola Ifeoma Awokoya1 год назад

But Mr Governor sir, what is the occupancy rate?

Фото профиля Iyalaya
Iyalaya1 год назад

A very good initiative. I can stop imagining the great relief this has brought to the beneficiaries. Well done Sir

Фото профиля ADEMOLA
ADEMOLA1 год назад

No long talk. No stories. He highlighted the unprecedented achievement of his administration in housing sector. This is what achievers do. The good people of Ogun State are noting your Excellency's unprecedented achievements and they're behind you. You're doing well sir 👏🏾

Фото профиля Conveyor Belt Expert
Conveyor Belt Expert1 год назад

How many people have benefitted from the housing estates? The one in Ilaro that looks like an abandoned project. Built over 3 years. I'm tired of talking. My people should keep up the mediocrity if that's what they want.

Фото профиля OnyeEzee1
OnyeEzee11 год назад

Boss, you dey build houses, but the road to those houses no good nw…. Pls, try do road, especially Lambe-Akute-Giwa road.

Фото профиля Ttv Ttv
Ttv Ttv1 год назад

Try to do railway like light train that will connect Lagos and Ogun state so there can be easy move for someone working lagos to get to ogun state in one hour or less. That will make it easier to work in by day and sleep in Ogun state by night.

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BUILDING HOMES, BUILDING A GREATER OGUN STATE Over the last seven years, we have deliberately transformed the housing landscape of Ogun State, making affordable and quality housing a major pillar of our commitment to improving the lives of our people. Since the creation of Ogun State, no administration has delivered affordable housing on the scale we have achieved within this period. Across different parts of the State, we have developed housing estates and delivered thousands of housing units, providing decent homes for families while opening up new communities and stimulating economic activities. For us, housing goes far beyond putting roofs over people’s heads. It is about creating liveable communities, providing dignity and security for families, generating employment for artisans and professionals, supporting local businesses, and creating lasting assets for our people. Through developments such as the Prince Court Estate, Kobape; Kings Court Estate, Oke-Mosan; Kemta Idi-Aba Housing Estate; Ilaro Housing Estate; Ijebu Ode Housing Schemes in Sagamu, Iperu and other similar projects across the State, we have demonstrated that government can deliver modern, functional and affordable homes while maintaining quality standards. Our housing revolution has also created opportunities across the entire construction value chain, from engineers and architects to bricklayers, electricians, plumbers, carpenters, suppliers and thousands of other workers whose livelihoods have benefited from these investments. What we have achieved in seven years is unprecedented in the history of our dear State, but we remain focused on doing even more. As we continue to build a more prosperous Ogun State, we will keep investing in housing and urban development because we believe that every family deserves the opportunity to live in a decent environment and every community deserves the infrastructure required to thrive. This is our commitment to building our future together.

Prince Dr. Dapo Abiodun, CON

50,871 просмотров • 13 дней назад

Gavin Newsom’s $101 million dollar Pacific Palisades low income housing projects EXPOSED The new housing complexes come with ‘covenants,’ after a certain amount of years they are no longer low income and convert to market rate James Li It’s a full blown land grab, “One of the largest industries that donated to him was real estate” “Let me tell you what Gavin Newsom is really up to with this hundred million dollar low income housing project in the Palisades. This ultimately is a real estate play in my opinion, because they want this building to go into nice affluent neighborhoods. Because the value of that building is going to be astronomically higher than versus building it in another area where it's underdeveloped or it's a new neighborhood, or it's more on the outskirts of la and ultimately all these affordable units that they have covenants on them. So in 15, 20, 25 years, depending on the, the exact building, all of those affordable housing units will convert to market rate. So that's why they want it in those areas. It's not because like, oh, we're helping the homeless people out. It's like, oh no, this, this is just like a giveaway to real estate developers, right? One of the largest industries that donated to him was real estate. So like this is just him placating to his donors, making sure that they're needs, quote unquote, are being met. This is a long term real estate play to say, okay, we're going to put this building here because in 25 years this building will be worth like 20x if we versus we put in another neighborhood.” It’s all about kickbacks for Gavin Newsom’s donors You know the new low income housing complexes will covenants because that’s what the other properties in LA and San Diego come with. It’s the Democrat scam

Wall Street Apes

47,016 просмотров • 1 год назад

This is very alarming Housing developers are realizing that selling parcels to data center developers is far more profitable than building homes “AI data centers aren't just using electricity and water. They're using land previously planned for homes” - 55 homes were purchased for nearly $1 million per house and knocked down to build data centers outside of Chicago - Amazon paid $700 million for land so they could build a data center instead of homes - Meta, Amazon, Microsoft, and Alphabet are spending more money on data centers than the US spent on railroads in the the interstate highway system in the 1950s, and more than the US spent on the Apollo space program States are choosing data centers over homes. There are real examples of this Northern Virginia is the center of this phenomenon known as Data Center Alley, even though the region has a shortage of more than 75,000 homes I found real devastating examples of this happening: Prince William County / Bristow, Virginia (Northern Virginia “Data Center Alley”) The homebuilder Steve Alloy’s company was preparing to develop 516 new homes when surrounding land was rapidly bought up by Microsoft, Google, and other data center operators instead. Nearby, the Village Place housing project entitled for 250 additional units had its land sold to a data center developer for $31 million Stanley Martin Homes Land Flip to Amazon, Prince William County, Virginia Residential homebuilder Stanley Martin Homes assembled 270 acres for about $51 million. They flipped most of it to Amazon for $700 million In Suburban Chicago Illinois. Stream Data Centers bought a 55 home subdivision for nearly $1 million per home, demolished the houses, and built a 2.1 million sq ft data center campus This must be stopped. We have starter home affordable crisis already

Wall Street Apes

62,494 просмотров • 4 месяцев назад

Today is the 72nd visit of Telangana CM Revanth Reddy to Delhi! As per sources, one of the top priorities is to escalate the SBI issue. What is the SBI issue? - In 2010, the then Congress government allotted land to State Bank of India (SBI) for Rs 13.33 crore to construct its corporate headquarters. - The 5.09-acre plot located at Survey No. 83/1, Raidurg was considered far off from the city. Now the city moved and the property is prime real estate now. - The Telangana Government TGIIC auctioned these five acres of land in Raidurg on May 28 bringing Rs.237 crore per acre. - SBI then filed two writ petitions for the government selling off their land. The High Court of Telangana pronounced a three week stay on the land and in fact came down heavily on the government for behaving like a “real estate agency”. - The SBI says it couldn’t construct its headquarters because - first the state bifurcation, then the SBI & SBH merger, and after that Covid stopped them from making any permanent plans. There is a branch of SBI at this location. - But without information, notice or even consulting the SBI, Revanth Reddy’s government auctioned off the land to Gowra Ventures. - Anyway! While the matter is still pending in the High Court, the government is trying to arm twist a public sector bank- The SBI! - Remember how CM Revanth Reddy threatened L&T Metro MD on national TV? Eventually L&T moved out of the Hyderabad Metro project. The government took their lands (may be with an intention to auction them). Metro Second phase is now in the air. Metro line is proposed to an empty Future City!! Basically, a massive ‘cluster-F’ is going on there. - Similar tactics are being used with the SBI. Telangana government started withdrawing their accounts from SBI. They are threatening to move the salary accounts too from SBI. How will this bloated-fragile-ego-trip have an impact on the banking sector in Telangana is a matter of concern, any sane person will think about. - BUT the Telangana CM doesn’t want to backdown and accept the mistake. - Despite their lunch hour gaffes and the collective hate people have for SBI, in this one instance SBI is in the right. Even if you are selling a leased property, you have to inform the tenants so that they make alternative arrangements. - Selling off a land to an other party, that was already sold to SBI feels more like a khabja & not a functional government. We see such real estate uncles across Hyderabad. This time that real estate khabja uncle is the government 🙏🏽 Will Revanth Reddy’s 72nd trip bring anything for Telangana public? Or will it help his ego…we have to see. Video: Revanth Reddy Threatening L&T in India Today Conclave.

Revathi

70,063 просмотров • 3 месяцев назад

US Attorney Bill Essayli announces California Democrats oversaw massive homelessness money fraud California Democrats have allowed developers to submit fake records and fake bank statements, then approving them for hundreds of millions of taxpayer dollars for free “Investigation of where billions of California tax dollars intended to solve homelessness ended up. California has spent more than $24 billion over the last five years with little to no progress in solving our homelessness epidemic. California state officials failed to provide meaningful oversight over the individuals who received most of these funds, and they had little to no answers to the public's demand for accountability” “Well, that accountability starts today. Today we are announcing significant developments into our investigation. We are making public criminal cases relating to two separate real estate developers who were involved in misappropriating millions of state funds intended to combat homelessness. This morning, federal agents arrested Cody Holmes, a 31-year-old Beverly Hills resident and the former CFO of Shangri-La Industries, a downtown LA-based developer of affordable housing housing for defrauding the Homekey program that is administered by the state of California. The program awarded grant money, which included federal tax dollars, for specific projects to convert motels into housing for the homeless and to operate the units. By April of 2022, Shangri-La Industries, where Holmes was the CFO, had co-applied with multiple California cities to convert numerous properties in California, including a location in Thousand Oaks. The state asked for proof that the company had the financial capacity to build all the projects. In response, Holmes and Shangri-La knowingly submitted fake bank statements, which claimed to show that developer had about $160 million on deposit. Not only were the bank statements fake, our investigation shows that Shangri-La and its affiliates had nowhere near the amount of money they claimed they had in the bank statements.”

Wall Street Apes

36,333 просмотров • 11 месяцев назад

I have had the privilege of heading this tripartite department, which focuses not only on law but also on RTI and human rights. A few months ago, we had a very successful all-India-level meeting at the Vigyan Bhawan, where we tried to bring people from all corners of India. Carrying forward from there: 👉 The first facet we discussed today, in line with Shri Rahul Gandhi's great initiative to revitalise district units, is that we are now making, reconstituting, operationalising, identifying, and listing for each administrative district of India a team of at least 5 senior persons from these three subjects. They will be our eyes and ears on the ground, including coordinators, actors, and movers. And this will be put together in a final list for all of India after being addressed for each district and will be done by the state chairman in consultation with us, and where there are no state chairpersons, through the nominees at the central level. 👉 The second facet we discussed is the operationalising of a Rapid Response Force, the RRF, at the state level, having a minimum of 5 senior people who can take up cudgels on behalf of the Congress party in legal matters in the court - to argue, seek relief and get things moving inside the court. We have given it a 4-6 week timeline. 👉 The third facet is the building of a directory an all-India directory, searchable both by state as well as by alphabetical name across all these categories of all those involved in our department. Again, we have given this a 4-6 week timeline. 👉 The fifth and the last important facet is to try and involve youngsters, possibly between the ages 21 and 30, who want to be associated with the Congress and legal professionals - including RTI and human rights professionals. They will be tied up in an internship programme with our 127 MPs in the first phase on the said three subjects with the Congress approach, with the Congress ecosystem. They are not necessarily required to be part of the Congress as of now. If this works well, then we will also expand it to each MLA in each assembly-level position. I am thankful to all the people who attended the meeting. We had representatives from across India. So we hope to kind of tie all this together and have another function where we will present this to the Congress President Kharge ji and LoP Rahul Gandhi ji in the near future. : Chairman, AICC Law, RTI & Human Rights Department Shri Abhishek Singhvi

Congress

15,209 просмотров • 8 месяцев назад

Inaugurated the new administrative building of Maharashtra Energy Development Agency (MEDA) at Aundh, Pune—based on eco-friendly (green building), Super E.C.B.C. and Net Zero concept. It reflects the commitment to clean energy and decarbonisation, meeting every green building benchmark. Congratulated the MEDA team for this exemplary achievement. Over the years, MEDA has shown outstanding performance in the renewable energy sector. Maharashtra now leads the country in solar energy generation, especially through distributed power models. Under the PM-KUSUM scheme, we have installed 5 lakh solar pumps—more than the combined 4 lakh installed in the rest of the country. Maharashtra have set an ambitious target: to meet 100% of agriculture power demand through solar energy by December 2026, bringing significant cost savings. Two core objectives guide our path forward: ✅ The first objective is to solarise all Government offices. In the 1st phase, consumers using up to 100 units of electricity will be brought to solar energy. ✅ The second objective is to prepare a separate scheme for the State similar to the PM Surya Ghar Yojana. In the 2nd phase, consumers using up to 300 units of electricity will be brought to solar energy. We’ve also signed an MoU with a Russian Government company for thorium-based power generation. It will be a game-changer for India and a boost to environmental protection. Hon PM Narendra Modi Ji has set a national goal of 50% electricity from renewable sources by 2030. Maharashtra will surely exceed this and achieve at least 52%. Deputy Chairman of Maharashtra Legislative Council Dr Neelamtai Gorhe, Deputy Speaker of the Maharashtra Legislative Assembly Anna Bansode, Minister Atul Save, MP Shrirang Appa Barne, MP Dr Medhatai Kulkarni, MLA Uma Khapre, MLA Bhimrao (Anna) Tapkir and other dignitaries were present. Dr Neelam Latika Diwakar Gorhe Anna Bansode Atul Save Shrirang Appa Barne Dr. Medha Kulkarni Uma Khapre( Modi Ka Parivar) Bhimrao Tapkir Maharashtra Energy Development Agency #Maharashtra #Pune #MahaUrja

Devendra Fadnavis

95,376 просмотров • 1 год назад

Since Jeffrey Epstein file is trending I want to share with you my 6 degrees of separation with Jeffrey and Mark Epstein. Back in the early 1990’s I co-founded a trade magazine for the yellow taxi industry called Taxi Magazine. My family owned and operated a yellow taxi medallion and I drove it for over 10 years. The publication was successful and we decided to lease office space in the trendy SoHo area of Manhattan. Our landlord was no other than Mark Epstein. Jeffrey’s younger brother. Back then Mark lived on the top floor right above my office suite. I witnessed Mark ride around in a Triumph motorcycle and ran a silk screen business called Izmo Enterprises, a company associated with silkscreening and printing on the ground floor. On the 4th floor there was an asain whore house brothel in operation. I recall Mark Epstein bringing young beautiful model type women back to his place. I dug into the deed history of this building and apparently Mark Epstein got possession of it with a deed transfer from a woman named Caroline Hess on the late 1980’s. The loan associated with the property was Greenpoint Bank and it was paid off a couple of years later. There are many questions on how Mark Epstein acquired his multi million dollar real estate fortune under Dara Partners LPC and Ossa Properties. At the center of the curious connection between Mark’s real estate company and his brother is a condominium building at 301 east 66st in Manhattan nyc. Mark owns the majority of the units in this 16 story 200 unit building when he purchased from Lex Wexler in the early 1990’s. Mark has stated that his deceased brother never owned any shares in the condo building but for years Jeffrey allegedly housed friends, employees, and associates in apartments at the building, including models connected to Jeffrey’s MC2,the model agency. I went back to my old office building to document this interesting connection last year. Do you think Mark has some explaining to do in regards to his connections with Jeffrey estate and Les Wexler?

hernando arce

137,806 просмотров • 1 год назад

BREAKING: Urgent situation as TUSLA / CAMHS “experts” (LGBT activists) block a vulnerable child’s access to education. Martina Burke speaks out. Martina Burke has operated a tuition centre in Castlebar Co. Mayo for over 25 years. In this year’s Leaving Certificate exams 40% of students achieved H1 in Higher Level English, with 63% achieving H3 or above in Maths (HL). In 2021 a mother requested assistance for her son who had no school place. The child thrived academically and behaviourally, excelling in his studies. Professionals advised that the child could not succeed at a mainstream school at the time, and that the education he was receiving from the Burkes was the best for him for the present. TUSLA were carrying out an initial assessment involving the child at the time but excluded Martina Burke from the process. According to TUSLA’s own policy all professionals involved with a parent and child are consulted as part of an initial assessment. The child’s difficulty in securing a school place went to the District Court. TUSLA gave evidence that the child would receive services upon enrolment in mainstream school. These included SNA, OT, speech and language and NEPS. On the basis of this evidence the court directed that the child be enrolled in a mainstream school. None of the promised services were provided. The child has spent the last two years on a school corridor or in an isolation room. Martina Burke wrote to the Principal twice but never received any response. Martina Burke attended a meeting with CAMHS on 14 August. The two doctors present, Dr. Ronan Rice and Dr. Mark Farquhar, led Martina Burke to believe that they knew nothing about the child’s circumstances at school. In reality CAMHS were fully aware of the child’s horrific experiences at mainstream school over the past two years. When TUSLA were asked why they excluded Martina Burke from the initial assessment they said they were “not in a position to comment.” When Martina Burke pressed for answers TUSLA sent the matter to a ‘third party’, an ‘independent complaints officer’ named Mary Hargaden. Far from being independent Ms Hargaden spent 40 years working with HSE/TUSLA. In 2021 her consulting company received a contract from TUSLA for €1.5 million. Martina Burke received over 22 emails and letters from Ms Hargaden but never received an answer as to why she was excluded. In a report issued last month Hargaden stated that TUSLA “appear to have intended” to consult with Martina Burke about the child’s educational progress. They never did however. CAMHS have several inpatient residential units across Ireland. The logo for these units is the LGBT flag which is a promotion of Lesbian, Gay, Bisexual and Transgender ideology. If you wish to foster a child in Ireland TUSLA require that you are willing to affirm LGBT ideology. Christian belief is not tolerated. Following a damning report into CAMHS in 2023 Dr. Maeve Doyle (‘Child and Adolescent Psychiatrist’) said that CAMHS “needed €2 billion.” CAMHS does not need more hundreds of millions. What we need is basic transparency and truth. Martina Burke was led to believe by these so-called professionals that they were unaware of the facts around this tragic situation. This was not true. These organisations are accountable to no one, and parents live in fear of them. If they cannot be transparent and truthful this should not be tolerated and they should be shut down.

Enoch Burke

221,590 просмотров • 2 лет назад

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Trending Explained

115,564 просмотров • 2 месяцев назад

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Free Nations PostRussia Forum

10,768 просмотров • 1 год назад

Los Angeles mayor Karen Bass is in the middle of a massive money laundering operation - A racial justice nonprofit is getting $875,000 PER UNIT from taxpayers to build 3 skyscrapers - The CEO of this nonprofit has close ties to Karen Bass - Karen Bass put this nonprofit’s CEO on the LA County Affordable Housing Solutions Board - So he’s now approving the money and getting the money Here’s the full breakdown: The Weingart Center is a Skid Row nonprofit that claims to advance “racial, social, and economic justice” by helping the homeless. They manage multiple properties The CEO is Kevin Murray and he makes $400,000 per year In 2024, LA Mayor Karen Bass appointed Kevin Murray to the LA County Affordable Housing Solutions Board. The board that oversees homeless funding So the nonprofit that gets the money is now deciding who gets the money and how much (Huge conflict of interest) Next, Mayor Karen Bass appointed Ben Rosen, Director of Real Estate Development, to the same board at Kevin Murray’s request (So now the homeless nonprofit CEO is telling mayor Karen Bass who else to appoint to be in charge of giving our homeless money, and she’s doing it) Weingart raked in $100 million in just one year (It pays to be close with Karen Bass) A big chunk of that money comes from California’s Homekey Initiative: California has dumped nearly $4 billion into Homekey Initiative but: - 71% of properties vacant - Multiple fraud cases - One developer charged $2M on his personal Amex for things like Coachella tickets But instead of shutting it down, they expanded it with Homekey Plus. Naturally the nonprofit friend of Karen Bass The Weingart Center wants some of that new money Weingart wanted $37 million to turn a 122-room hotel into permanent housing. They’d pocket $2+ million in developer fees and got a sweet deal with ongoing subsidies Here’s where some fraud comes in The property was valued at just $10M - 21M, not the $30M they wanted. They wanted to pocket $10 million dollars of taxpayer money Luckily public backlash killed the deal, but that’s not where it ends The Weingart Center tried to convert a Cheviot Hills nursing home using $26 million in Homekey funds. Mayor Bass helped personally recommend it. The developer? Stephen Taylor who’s now facing 9 felony charges for altering bank statements and lying to lenders while trying to flip the property for double the price. Weingart signed the deal with a confidentiality clause. The Weingart Center has repeatedly failed federal audit requirements… yet even after still, they still got a $9 million no-bid contract from Mayor Karen Bass (She’s clearly involved in the fraud) Now The Weingart Center is likely getting $865,000 per apartment unit to build 3 skyscrapers, all paid for by taxpayers Facilitated by Karen Bass The money laundering never ends, LA has been doing this a lot lately, here’s a few more - Restoration apartments: Bought in 2020 via Homekey for $5.3 million to create 80 units of recovery housing for the homeless. 6 years later it’s completely abandoned - Shangri-La Industries got 26 million in Homekey grants, he bought luxury items, cars and trips - In South LA a shelter operator with a $2.3 million city contract claimed 88 beds in court filings. A spot check revealed only 44 actual beds, the rest were empty platforms The fraud in California never stops

Wall Street Apes

222,342 просмотров • 4 месяцев назад

On Ukraine's 35th Independence Day, ground robotic complexes paraded down Kyiv's central street, interceptor drones and aircraft paraded Ukrainian skies and unmanned sea drones paraded Ukrainian waters! This looks beautiful but it's also an example of Ukraine's technology advances. Here is a post by Ukrainian military expert Serhii Misiura explaining in detail why this parade is an incredible achievement: "This is a really cool idea to hold this exact kind of parade - a robotic and unmanned one! First of all, everything in the video is our own, Ukrainian production! Heavy bombers, FPVs, reconnaissance drones, and interceptors. Surface and ground systems. Everything is ours! Second, a lot of technologies and details were demonstrated that I want to highlight separately. UGVs (Unmanned Ground Vehicles) marched in ideal formation. While such technologies (swarming/mass control) have long existed for FPVs, and the Ukrainian technology from Swormer is unique, how did the UGVs march in formation? I doubt such technology exists for them yet, because the video featured all the key UGVs, and they are all different. Unifying them into a single, shared swarm control system - I would be very surprised if someone managed to do that at the software level. The Rys, Tarhan, Termit, and Otaman units were all being piloted by individual operators. Different wheels, reduction gears, and even tracks - this isn’t like training a 200-person parade block. That was high-level simultaneous maneuvering! USVs (Unmanned Surface Vehicles)—SeaBaby, Magura, and Sargan. In all configurations: kamikaze, reconnaissance, air defense, and remote FPV launching. No comparable arsenal exists anywhere in the world! An FPV swarm flying in a uniform grid doesn’t surprise anyone anymore, but how about footage of launching interceptor drones from a Mi-8 helicopter? Six launches from a pickup truck? Or the PD-2 drone, which was a reconnaissance drone but was also launching interceptors? This right here showed why our Shahed interception rate is so high. No one else in the world has this kind of versatility either! We still have a vast array of technologies and capabilities that we can show the world. We didn’t show missiles and many other things. But the robotics across all three domains - we showed that. And this isn't just some presentation - these are all combat-proven units that have gone through the full development cycle and long demonstrated their effectiveness in battle! The UGVs alone are worth highlighting. I haven't seen the exact usage numbers for interceptors or USVs, but official UGV statistics show a massive surge in mission execution. From 7,500 in January, we hit a staggering 20,000 in July! Twenty THOUSAND missions completed by UGVs in July alone to save lives! In total, UGVs have completed over ONE HUNDRED THOUSAND missions since the beginning of the year! A very impressive parade. And while not all the people were shown, many people stand behind every single one of these missions. So it was a parade with people, and many more service members watched it live because all these platforms save lives. The most crucial thing in war is people and preserving their lives. No authoritarian army will ever come to this realization. Happy Independence Day to everyone once again!" - Serhii Misiura

Anton Gerashchenko

22,871 просмотров • 29 дней назад

When Boston Construction Starts Cracking The Cycle Is Already Late I’m in the Boston area and I keep hearing the same thing from people working directly in construction. Work is slowing, layoffs are beginning, and the pipeline ahead looks noticeably weaker. One person with a very good view of upcoming projects told me conditions are already becoming recessionary. That is anecdotal, but it lines up with the broader data. Boston’s office and lab markets remain heavily oversupplied, many completed buildings are struggling to find tenants, and the pipeline for new construction is deteriorating. Why Boston Matters Construction does not turn all at once. Permits, financing, leasing and project approvals usually weaken first. Employment responds later because contractors continue finishing projects approved years earlier and tend to hold onto skilled workers until they are certain the slowdown is lasting. That mattered during the last housing downturn. National construction employment peaked in 2006, well before total U.S. employment rolled over. The earliest cracks appeared in highly speculative housing markets such as Riverside, Phoenix, Las Vegas and parts of Florida. Boston reacted later. Local construction employment remained relatively resilient through 2007 and much of 2008 before falling much harder in 2009 and 2010. Unemployment followed a similar pattern, worsening materially after the broader national contraction was already underway. That makes Boston useful today because it has historically behaved more like a lagging confirmation market than an early warning market. The sequence is appearing again Several of the markets that weakened first during the last housing cycle are showing construction stress again. Riverside has suffered some of the largest construction job losses in the country. Miami has weakened. Tampa has been roughly flat. Phoenix has cooled considerably even where payrolls remain stable. Las Vegas has held up better partly because data center and infrastructure construction are offsetting housing weakness. The pattern is not identical to 2006, but the direction is increasingly difficult to ignore. Now weakness is reaching slower moving markets like Boston. Boston permitted only 432 housing units in Q1 2026, down from 549 one year earlier and 642 two years earlier. That is a 21.3% decline in one year and 32.7% over two years. A large share of those permits came from a single project, meaning the underlying pipeline was even thinner than the headline suggests. Permits are tomorrow’s construction employment. Workers can stay busy for months finishing old projects while new work quietly disappears. Once those backlogs are exhausted, layoffs can accelerate quickly. Where This Puts Us In The Cycle The last national construction employment trough came in 2011. That places 2026 roughly 15 years into the current expansion. The 18 year housing cycle is not a precise clock, but it places us deep into a mature cycle where financing becomes harder, speculative development slows, completed buildings struggle for tenants and labor eventually follows the shrinking pipeline. This does not automatically mean another 2008. But the sequence matters. The leading housing markets weakened first. Boston permits and commercial leasing are now deteriorating. People working directly in construction are reporting fewer projects and early layoffs. Official employment remains relatively resilient because employment is one of the last indicators to turn. Boston is moving from pipeline deterioration into labor market confirmation. If this continues, the next 6 to 18 months likely bring fewer projects, more subcontractor stress, broader layoffs and deeper commercial real estate weakness. When a backlog heavy market like Boston starts confirming what the early cycle markets have already been signaling, it suggests the economy is firmly late cycle and becoming increasingly vulnerable to a broader contraction.

EndGame Macro

46,641 просмотров • 1 месяц назад