In our newest roundup, DOT’s main grant packages, proptech’s answer to local weather change dangers, mortgage-locked sellers put their houses available on the market, and extra!

• The U.S. Division of Transportation opened purposes for 4 main grant packages for infrastructure and transportation initiatives, totaling about $7.5 billion. (Dan Zukowski, Development Dive)
• Lodge manufacturers are integrating AI into their operational processes — resembling digital concierges — and dealing towards sustainability initiatives that speed up extra environmentally pleasant practices industry-wide. (Noelle Mateer, Lodge Dive)
• The housing market will quickly exit its slowdown, due to a rising variety of mortgage-locked sellers opting to put their houses available on the market, in accordance with JPMorgan Asset Administration. (Jennifer Sor, Enterprise Insider)
• With fewer current houses on sale, circumstances are stacked towards youthful homebuyers in the hunt for a family-sized property as most home-owning child boomers point out they won’t downsize as they age. (Filip De Mott, Enterprise Insider)
• The convergence of proptech and building expertise (contech) emerges as a promising answer for bettering infrastructure resilience contemplating the rising considerations surrounding local weather change and its implications for heightened pure catastrophe dangers. (Angelica Krystle Donati, Forbes)
• Local weather change and generations of U.S. housing and improvement coverage are making houses, neighborhoods, and whole municipalities riskier to insure, undermining the power of Individuals to stay the place they select. (Saul Elbein, The Hill)
• The Biden administration moved to restrict how a lot hire can rise in sure reasonably priced housing models throughout the nation, capping hire will increase at 10%. (Annie Nova, CNBC)