{"id":103015,"date":"2025-02-22T08:29:23","date_gmt":"2025-02-22T08:29:23","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/legal\/real-estate-construction-news-roundup-2-19-25-an-embrace-of-ai-a-squeeze-on-construction-and-a-jump-in-mortgage-refinance-demand\/"},"modified":"2025-02-22T08:29:23","modified_gmt":"2025-02-22T08:29:23","slug":"real-estate-construction-news-roundup-2-19-25-an-embrace-of-ai-a-squeeze-on-construction-and-a-jump-in-mortgage-refinance-demand","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=103015","title":{"rendered":"Real Estate &#038; Construction News Roundup (2\/19\/25) \u2013 An Embrace of AI, A Squeeze on Construction and a Jump in Mortgage Refinance Demand"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>In our latest roundup, tech giants invest in new data centers, senators introduce bill aimed at price-setting algorithms, DoD stops PLA requirements, and more!<\/p>\n<ul>\n<li>The real estate industry is <a href=\"https:\/\/www.forbes.com\/sites\/kathleenwalch\/2025\/01\/26\/ais-transformative-impact-on-real-estate\/\">embracing AI<\/a> for enhancements across a wide range of applications. (<a href=\"https:\/\/x.com\/kath0134\">Kathleen Walch<\/a>, Forbes)<\/li>\n<li>A joint venture among OpenAI, Softbank and Oracle plans to <a href=\"https:\/\/www.constructiondive.com\/news\/tech-giants-500-billion-for-data-centers\/737952\/\">invest $100 billion in AI infrastructure<\/a>, with the potential to scale up to $500 billion by the end of 2028. (<a href=\"https:\/\/x.com\/sgo96\">Sebastian Obando<\/a>, <em>Construction Dive<\/em>)<\/li>\n<li>Construction firms are likely to <a href=\"https:\/\/www.constructiondive.com\/news\/contractors-brace-steel-aluminum-tariff-impacts\/740119\/\">feel the squeeze<\/a> within months if the new fees on imported materials take effect in March. (<a href=\"https:\/\/x.com\/sgo96\">Sebastian Obando<\/a>, <em>Construction Dive<\/em>)<\/li>\n<li>Legislation designed to prevent companies from using algorithms in order to collude on prices returns <a href=\"https:\/\/www.multifamilydive.com\/news\/price-setting-algorithm-non-public-information-legislation-bill\/739836\/\">to the U.S. Senate floor<\/a> after a previous version failed to pass in the last Congress. (Mary Salmonsen, <em>Multifamily Dive<\/em>)<\/li>\n<li>The Department of Defense has ordered its contracting officers to <a href=\"https:\/\/www.constructiondive.com\/news\/dod-plas-halted-federal-contracts-infrastructure-usace\/739903\/\">halt the use of project labor agreements<\/a> on \u201clarge-scale construction projects.\u201d (<a href=\"https:\/\/x.com\/ZachPWrites\">Zachary Phillips<\/a>, <em>Construction Dive<\/em>)<\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/2025\/02\/12\/mortgage-refinance-demand-jumps-to-highest-level-since-october-but-homebuyers-pull-back-again.html\">Applications to refinance a home loan<\/a> jumped 10% compared with the previous week and were 33% higher than the same week one year ago. (<a href=\"https:\/\/x.com\/DianaOlick?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">Diana Olick<\/a>, CNBC)<\/li>\n<li>The cost to rent is coming down faster in some areas of the U.S. than others with a higher rental inventory, landlords and property managers <a href=\"https:\/\/www.cnbc.com\/2025\/02\/03\/the-10-most-and-least-affordable-areas-to-rent-in-the-us.html\">must lower their rent prices<\/a> in order to compete with one another. (<a href=\"https:\/\/x.com\/anateresasola?lang=en\">Ana Teresa Sol\u00e1<\/a>, CNBC)<\/li>\n<\/ul><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>In our latest roundup, tech giants invest in new data centers, senators introduce bill aimed at price-setting algorithms, DoD stops PLA requirements, and more! The real estate industry is embracing AI for enhancements across a wide range of applications. (Kathleen Walch, Forbes) A joint venture among OpenAI, Softbank and Oracle plans to invest $100 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":103016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97],"tags":[2540,11619,16091,4856,2196,11008,1820,482,34422,4098,10348],"dealstore":[],"offerexpiration":[],"class_list":["post-103015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal","tag-construction","tag-demand","tag-embrace","tag-estate","tag-jump","tag-mortgage","tag-news","tag-real","tag-refinance","tag-roundup","tag-squeeze"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real Estate &amp; Construction News Roundup (2\/19\/25) \u2013 An Embrace of AI, A Squeeze on Construction and a Jump in Mortgage Refinance Demand - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=103015\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Estate &amp; Construction News Roundup (2\/19\/25) \u2013 An Embrace of AI, A Squeeze on Construction and a Jump in Mortgage Refinance Demand - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"In our latest roundup, tech giants invest in new data centers, senators introduce bill aimed at price-setting algorithms, DoD stops PLA requirements, and more! 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