Residential Real Estate

Delaware got more than $1 billion from the American Rescue Plan Act, ranking among the largest stimuluses ever received.

Lobbyists representing major causes, associations and businesses spoke about government spending, clean energy, government regulations, housing, business climate, and workforce development.

As new data reveals the depths of Delaware’s housing crisis, 20 State Senate and House of Representatives members met Wednesday to examine several of the latest state housing reports ahead of the 2024 legislative session.

Burns & McBride Home Comfort, a family-owned HVAC company, was recently acquired by Sila Services, a company backed by private equity.

Delaware residential building permits remain relatively on track compared to the same point of time in 2022, with single-family homes making the bulk of the permits issued.

Kent County has loosened regulations on where "in law suites" can go in the county, hoping to streamline the process for interested residents to build more affordable housing.

As Delaware begins to grapple with the affordable housing crisis, manufactured homes have garnered less discussion despite offering an opportunity for homeownership.

The Buccini/Pollin Group (BPG) broke ground on a new $90 million project called The Press that will bring 243 apartments to Wilmington.

New Castle County supported 35 units of affordable housing in Claymont's Overlook Colony with a $2.7 million grant.

To keep up with the rate the state is now growing, 24,000 units will need to be built by 2030, according to the 2023 Delaware Housing Needs Assessment.