Micro-homes pitched as a solution to Nashville’s affordable housing crunch

A bunk squeezed between a window and the ceiling serves as the guest bedroom, and the work desk is jammed between the washer-drier combo and refrigerator.

The 450-square-foot “micro-home” isn’t large enough for a family. But one Nashville affordable housing developer sees big potential in the little houses.

Eddie Latimer, CEO of nonprofit Affordable Housing Resources, is developing a “micro-village” of 13 small modular houses in North Nashville.

They will rent for about $1,000 a month – nearly $200 less than the average efficiency in Davidson County. In the immediate downtown area, median studio apartment rent is even higher at $1,545 a month, according to Zillow.

The Tennessean

Which U.S. Cities Have the Most Families With Kids?

Look around a hip neighborhood in Lower Manhattan or downtown San Francisco, and you’ll see lots of young people, and Baby Boomers whose kids have left the nest. There are also some stylish moms (or nannies) pushing tots in strollers. But you won’t see many traditional nuclear families with school-age children.

There’s a growing consensus that our cities are becoming “childless.” This past October, Axios ran a story on the ”great family exodus,” showing data that the share of families with children under the age of 20 has fallen in 53 large cities across the country. As far as I can tell, the phrase “childless cities” was first advanced in 2013 by Joel Kotkin in an essay of that title for City Journal.

Several factors are said to be pushing families with kids out of cities: the expensiveness of city living; the lagging performance of urban versus suburban public schools; and the preference of immigrant families for the suburbs over urban locations. But just how childless are our cities, really?

CityLab.com

Walmart confirms plans to add hundreds of tech jobs this year

Walmart continues to staff up its massive technology arm known as Walmart Labs. The retail giant added roughly 1,700 tech-related jobs in fiscal 2019 which ends Jan. 31. There are roughly 2,000 more jobs to be added to its nine tech centers located across the globe this next fiscal year, according to Jenn Ericksen, a corporate spokeswoman with Walmart Labs.

She told Talk Business & Politics the new technology jobs will include data scientists, software engineers, designers and other professionals who will expand the technology division by roughly 25%. The jobs will support Walmart’s store technology, online commerce as well as data and cloud services.

TalkBusiness.net

Tech company moving to Hutto, will double workforce

HUTTO  — Just 30 minutes northeast of Austin, Hutto, one of the fastest growing cities in Texas, is welcoming a tech company that’s doubling the size of its workforce over the next five years.

The City of Hutto and Titan Development announced BryComm, LLC will build a 30,000 square feet building at Innovation Business Park.

“The company intends to acquire 6.53 acres at Titan’s Innovation Business Park and hopes to break ground in January 2019,” officials wrote in a news release.

Innovation Business Park is a 72-acre site that’s under construction right now

Kxan.com

JW Aluminum Announces Addition of New Office Space to Support Plant Expansion and Growth

Goose Creek, South Carolina — To support the company’s growth, JW Aluminum, a leading North American manufacturer of flat-rolled aluminum products, has signed a lease with Daniel Island Sun, LLC to add additional corporate office space at The Landing, 115 Fairchild Street on Daniel Island, South Carolina. Carolina One Commercial Real Estate represented JW Aluminum in the transaction. The additional 22,000 square feet of Class A office space will house up to 50 teammates to perform key corporate functions as the $250 million expansion progresses at JW Aluminum’s existing Goose Creek, South Carolina manufacturing facility.

GlobeNewsWire.com

Atlanta’s Divisive Deal

ATLANTA — Atlanta exists because of railroads. In 1837, the city was founded as the terminus of the Western & Atlantic Railroad line. Atlanta’s name even comes from the word “Atlantic.”

So it’s fitting that the railroad has again entered into public conversation.

The Gulch, a 40-acre sunken expanse of rail tracks and parking lots in the heart of the city, has become a political and legal battleground. Real estate investment firm CIM Group proposed a mixed-use development for the long-underutilized area – a mini city within downtown with office towers, apartments, hotels and retail.

US News & World Report

Confident Oil Industry Set to Ratchet Up Spending in 2019

After years of gloom, the oil industry’s out of its slump.

Three-quarters of senior oil and gas professionals surveyed by energy and maritime services company DNV GL AS say they are optimistic about the sector’s growth in 2019, their sunniest outlook since before the crude-price collapse in 2014. Confidence across the energy industry is now where it was in 2010, when Brent soared to $95 a barrel, about 50 percent above today’s level.

Bloomberg

US OIL BOOM IS HEADED INTO UNCHARTED TERRITORY — 12 MILLION BARRELS PER DAY

American energy is poised to boom in 2019, according to a federal report projecting crude oil output will average more than 12 million barrels per day this year.

The more than 1 million-barrels-per-day jump in U.S. crude output will mostly come from New Mexico and Texas which sit atop what’s become the country’s most productive oil play.

The U.S. Energy Information Administration (EIA) expects “crude oil production to average 12.1 million b/d in 2019 and 12.9 million b/d in 2020, with most of the growth coming from the Permian region of Texas and New Mexico,” according to the statistics agency’s annual energy outlook.

DailyCaller.com

Microsoft’s $500 Million Pledge, Amazon’s New HQ And The Truth About Housing Affordability

Last week, Microsoft promised to invest $500 million to help fight the growing housing affordability crisis in the Seattle region where the company has been based since 1979. The efforts are focused on adding to the area’s housing stock, so half that amount will be used to provide builders will low interest loans to construct low-income housing. Another $225 million in lending will subsidize the preservation and construction of middle-income residences. And the remainder will take the form of a philanthropic grant to fight homelessness.

Forbes