AGP Executive Report
Last update: 8 hours agoFederal Governance & Real Estate: The U.S. federal government’s oversized property portfolio is driving unsustainable upkeep costs, with the Public Buildings Reform Board flagging 26 buildings across 15 states for potential disposal to free up land for housing and local economic development. Housing Supply & Affordability: Australia’s housing downturn is worsening, with Sydney leading declines as national home values fall 0.4% in June and investor sentiment is hit by higher rates and proposed tax changes. Local Housing Development: Calgary Housing has broken ground on Southview, a multi-phase affordable project targeting 1,000+ homes, while Springfield approved up to 301 lots on Wilder Road after residents raised traffic and rural-character concerns. Construction & Infrastructure: In Kyrgyzstan, a new 2,900-seat central stadium and 1,400-seat volleyball hall has started in Nookat; in Tennessee, Kedron Road is closing for about a week for sewer line work. Regulation & Compliance: Australia’s anti-money laundering rules now require real estate agents to complete customer due diligence on buyers and sellers starting July 1. Shared Housing Oversight: A municipality in the Northern Governorate issued 24 notices after inspections found 17 unapproved shared worker accommodation buildings. EU Construction Outlook: FIEC forecasts EU construction investment to rebound in 2026, led by civil engineering and modest growth in new housebuilding.
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