Housing Development

The Pennsylvania House has introduced House Bill 2504, aiming to reduce housing construction barriers. This legislation is projected to lower costs and accelerate development, addressing a significant deficit of 185,000 homes by 2035 and providing expanded procurement opportunities for contractors.

The New Jersey Legislature passed Bill S3942, limiting institutional investors from buying single-family homes. This legislation could reshape the housing market, directly impacting contractors and vendors involved in residential development and property management.

Governor Mikie Sherrill's Executive Order No. 17 focuses on increasing affordable housing in New Jersey. The initiative encourages collaboration among state agencies, creating significant procurement opportunities for contractors in housing development and construction.

Governor Kathy Hochul announces the groundbreaking of the $65 million Westchester Crossing project, which aims to enhance infrastructure and create nearly 1,000 housing units in Port Chester. Supported by substantial state funding, this initiative highlights procurement opportunities in utilities, roadway improvements, and civil works for contractors in the region.

The McKee administration's reforms have led to a substantial increase in housing construction. This trend signifies heightened procurement opportunities for contractors and suppliers in the state's residential development sector.