EDG News

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A growing share of young adults are remaining in their parents’ homes, a trend that could shape future demand for both apartments and single-family housing as affordability challenges persist across many states, according to the National Association of Home Builders (NAHB).

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People in Elgin spend a lot of money on takindg care of themselves whether it is seeing a doctor, going to a barber salon or barber shop, exercising at a gym or purchasing beaty products such as shampoos and creams

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In Elgin, pets are more than just animals, they are beloved members of the family.

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The Elgin Development Group monitors vacancy rates in the City of Elgin and reports metrics from time to time to measure the status of the office, retail, housing, industrial, and overall real estate markets.

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As Generation Z (born between 1997 and 2012) begins to make its mark in the workforce, the economic landscape presents significant challenges that could lead to a pullback in consumer spending

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Affordability hurdles in the single-family housing market are keeping more Americans in the renter pool, pushing apartment lease renewals well above historical norms, according to a new multifamily report from Marcus & Millichap.

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Household Budget Expenditures show what people in Elgin spent on average

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Delayed September data show U.S. consumer spending and household income posting solid gains heading into the holiday shopping season, though analysts caution that inflation remains well above the Federal Reserve’s target.

Northeast Region Weekly Update-November 7, 2025

The Illinois Department of Commerce and Economic Opportunity (DCEO) is proud to celebrate Native American Heritage Month. This year’s celebration entails hosting an event uplifting Native American-owned businesses, amplifying Native American business leaders, organizations, and business enterprises throughout the state, and celebrating the Native American community here in Illinois.

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U.S. labor costs and job openings have recently increased slightly in what remains a tight employment market, according to data this week from the Labor Department.

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U.S. mortgage applications inched up 0.6% for the week ended Nov. 7 compared with the previous week, according to the Mortgage Bankers Association (MBA).

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Confidence among multifamily developers strengthened in the third quarter as both financing and demand conditions showed improvement

Illinois Department of Commerce

Governor JB Pritzker and the Illinois Department of Commerce and Economic Opportunity (DCEO) announced an additional $10 million in funding for the Job Training and Economic Development (JTED) Program for workforce training and wrap-around services that will bolster equitable workforce recovery for Illinoisans struggling to gain meaningful employment. As part of Illinois’ workforce recovery efforts, JTED grants focus on helping increase employment among workers and key sectors of the state’s economy. Grantees will be se

build-to-suit project is a significant addition

Opus has officially broken ground on a new, specialized 52,174-square-foot facility for family-owned Elgin Recycling in Gilberts, Illinois. This build-to-suit project is a significant addition to the Turnberry Lakes Business Park, strategically placing it near Elgin Recycling's corporate headquarters and one of its four existing Chicago-area scrap yards.

Payment Created by Climate and Equitable Jobs Act to Protect Customers

ComEd today announced that over $803 million will be returned to customers under the framework established in Illinois’ Climate and Equitable Jobs Act (CEJA) enacted in 2021,

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Private-sector employers added 42,000 jobs in October, exceeding expectations and marking a turnaround from September’s decline of 29,000,

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Construction costs continued to climb in September as U.S. producer prices rose 0.3% from the previous month and 2.7% from a year earlier, according to delayed data released Tuesday by the Labor Department.

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National retailers eager to grow their store counts are running into an increasingly tight real estate landscape, as new retail construction in the U.S. lags historic norms. With

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U.S. spending on residential and commercial construction projects inched up 0.2% in August compared with July, reaching just over $2.1 trillion,

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A record 202.9 million consumers shopped online or in stores from Thanksgiving Day through Cyber Monday, the National Retail Federation (NRF) reported

Along with KDOT receiving top honors for Longmeadow Parkway from APWA Chicago Metro Chapter, Thomas Rickert, KDOT’s Deputy Director and Chief of Staff, was recently awarded the 2025 APWA Professional Manager of the Year –Administrative Management for his service to Kane County and the broader Chicagoland metro area as evidenced by 37 years of leadership for Kane County, the Kane Kendall Council of Mayors as Executive Director, APWA, and CMAP serving on regional committees.

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U.S. holiday retail sales are expected to top $1 trillion for the first time this year, according to projections from the National Retail Federation (NRF).

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The U.S. homeownership rate remained steady at around 65% in the third quarter of 2023, according to the latest data from the Commerce Department, released Thursday.

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The amount of office space under construction in the United States has plunged to its lowest level in nearly 15 years, marking one of the sharpest contractions in the sector’s modern history.

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U.S. retail sales bounced back in October, rising 0.6% from the previous month and 5% year-over-year, signaling renewed consumer momentum ahead of the