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Wintrust Business Minute: Housing inventory in Chicago area could increase this year
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Housing inventory in the Chicago area could increase this year after homebuilders started construction on additional new-home communities. Homebuilding firms began 40 new communities in the final quarter of last year. That’s above the typical 10-15 new projects. Suburban areas like Plainfield, Tinley Park and Kenosha will be among the cities to see more inventory later this year. New home sales fell last year compared to 2023 and the lack of inventory was one of the reasons why.
Also, rent in downtown Chicago is on the rise. Listen for more below:
https://serve.castfire.com/audio/7278322/7278322_2025-02-11-224622.64kmono.mp3
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By wgnradio.com
4.6
99 ratings
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Housing inventory in the Chicago area could increase this year after homebuilders started construction on additional new-home communities. Homebuilding firms began 40 new communities in the final quarter of last year. That’s above the typical 10-15 new projects. Suburban areas like Plainfield, Tinley Park and Kenosha will be among the cities to see more inventory later this year. New home sales fell last year compared to 2023 and the lack of inventory was one of the reasons why.
Also, rent in downtown Chicago is on the rise. Listen for more below:
https://serve.castfire.com/audio/7278322/7278322_2025-02-11-224622.64kmono.mp3
Recent Posts
Wintrust Business Lunch
First impressions, workforce realities, home sales
.cls-7{fill:#fff;fill-rule:evenodd}
Tariff cuts, stocks rise, Rivian expansion
.cls-7{fill:#fff;fill-rule:evenodd}
Arlington Heights shopping center acquired by Encore
.cls-4{fill:#000;}
Market optimism, trade deals, Mom’s Day tech gifts
.cls-7{fill:#fff;fill-rule:evenodd}
Krispy Kreme pauses partnership with McDonald’s
.cls-4{fill:#000;}
Click for more
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