Pro Builder

FEBRUARY 11, 2021

Housing Prices Are Soaring in Affordable Cities. New York City and San Francisco are left in the dust as more young people scoop up townhomes and condos in more affordable cities, such as Pittsburgh, Detroit, and Phoenix, according to Bloomberg. Housing Markets. cbroderick. Thu, 02/11/2021 - 09:12. Perhaps no part of the U.S.

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Pro Builder

JUNE 13, 2023

Today, there are 44,700 rental homes in the pipeline—triple the amount of houses completed in 2022. In the highest yearly total to date, 2022 saw a completion of over 14,500 BFR houses. These Southern metros are where BFR homes are being built the most, with Detroit, Mich., Last year, the U.S. Phoenix, Ariz., as the exception.

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Pro Builder

JANUARY 19, 2023

In Detroit, for example, a 20% down payment for a median priced home of $88,900 takes just 2.56 Read more Housing Markets Affordability New-Home Sales Housing Markets In one third of the 150 largest U.S. years—much faster than the 15.10 years required to save for a down payment in Glendale, Calif., The New York Times reports.

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Pro Builder

FEBRUARY 1, 2021

Production Builders Taking a New Approach to Affordable Housing. Housing starts increased by 7% in 2020 compared to the year prior, but the supply of affordable homes remains low—these two builders are working to change that. The slow growth in affordable housing paired with the lack of growth in wages makes housing more unobtainable.

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Pro Builder

DECEMBER 17, 2021

Home Price Gains Expected in Unseasonably Warm Winter Housing Market. Zillow’s November 2021 market report shows strong activity in a typically slow season for the housing market. The slowest monthly growth in November was in Milwaukee (0.3%), followed by Pittsburgh (0.3%), Detroit (0.5%), Buffalo (0.5%) and Sacramento (0.5%).

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Pro Builder

JUNE 8, 2023

Implementing a land value tax in Detroit requires a law change at the state legislature, but if successfully legalized, Detroit’s new tax structure could serve as a model for the nation in a wider effort to add more rental supply and resolve the housing affordability crisis.

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BD+C

OCTOBER 28, 2024

A case for mid-rise: How multifamily housing can reshape our cities 0 qpurcell Mon, 10/28/2024 - 11:01 Multifamily Housing Often referred to as “five-over-ones,” the mid-rise apartment type is typically comprised of five stories of apartments on top of a concrete “podium” of ground-floor retail. in recent years. was short 3.8

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Pro Builder

JUNE 28, 2021

Housing Boom Leaves Small Contractors Behind. Though the housing market faces intense demand, smaller contractors are not reaping the benefits that production builders are. On the flip side, one small contractor from Detroit says it usually works on 10 projects at a time. cbroderick. Mon, 06/28/2021 - 09:32.

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Pro Builder

MARCH 3, 2022

Here Are the Best and Worst Housing Markets for Growth and Stability in 2022. The Sun Belt region is the latest epicenter of growth in a volatile housing market. Like last year, the Flint metro area ranks as the worst housing market for growth and stability. Housing Markets. Housing Markets. Read more. .

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Pro Builder

NOVEMBER 20, 2020

Housing affordability continues to be an issue for many Americans. The top three cities where Americans can afford the most home are Detroit, Memphis, and Oklahoma City. Detroit and Oklahoma City stay affordable; Oakland becomes less affordable. Housing Markets. Housing Markets. cbroderick. Fri, 11/20/2020 - 09:15.

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Pro Builder

MAY 25, 2023

In Detroit, Philadelphia, Cleveland, and Houston, monthly mortgage costs are lower than monthly rental costs by as much as 24%. In Detroit, the typical home is 24% less expensive to buy than rent — the largest percentage discount among the 50 most populous metros, Redfin said in a report Friday.

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Buisness Facilities Contributed Content

MAY 21, 2014

We took some ribbing last summer when we put up a post in this space entitled “ The Road to Recovery in Detroit ,” predicting that the Motor City would quickly rebound from its financial woes and become a magnet for new industries. cities for job-skills training. Welcome back from the Dark Side, banksters.

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Pro Builder

MAY 11, 2022

On the contrary, price-to-rent ratios are low in midwestern cities like Detroit, Cleveland, Milwaukee, Chicago and Indianapolis. No city has more affordable homes than Detroit, where the average sales price was just $75,667 from March 2021 through February 2022. Housing Markets. Housing Markets. Build to Rent.

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HardHatChat

OCTOBER 9, 2024

I recently sat down with Kim Sawyer and Tina McGrath, two of our experienced Business Development team leaders, to gain their perspective on what they’ve learned from talking to our existing and potential retail, restaurants, automotive, senior housing, and hospitality clients.

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Pro Builder

MAY 18, 2023

While rents are beginning to fall in pricey coastal markets and Sun Belt cities, Cincinnati and Detroit are seeing some of the nation’s biggest rental gains, with year-over-year increases of 9.9% Detroit, where the median rent is $1,390, was in second place, with an 8.9% and 8.9%, respectively. compared with a year ago.

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BD+C

JUNE 8, 2016

Last month, Bedrock Real Estate Services joined three other developers in a joint venture to build a mixed-use complex on the site of the historic Brewster-Douglass public housing project. When it opened, in 1938, it was the first federally funded public housing development to admit African-Americans.

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Contractor Magazine

JUNE 2, 2015

Elderly Detroit man opens fire on plumbing crew in an apparent misunderstanding. An elderly man who had reportedly been drinking fired several rounds at a team of plumbers who had come to work on his house. Content Classification: Curated. read more.

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Pro Builder

MARCH 9, 2022

Detroit joined this lineup, nudging out Minneapolis and Baltimore. Louis (3.3), Buffalo, New York (3.5), and Detroit (3.5). Housing Markets. The most affordable metros for first-time buyers remained in the Rust Belt and Midwest. times median first-time buyer income, Cleveland (3.1), St. last quarter. Market Data + Trends.

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Pro Builder

APRIL 5, 2023

1%), and New York (0.9%), while Salt Lake City (-0.4%), Detroit (-0.1%), and Portland, Ore. (0%) Read more Housing Markets Build to Rent Market Data + Trends Housing Markets Typical asking rents at the national level now stand at $1,996, up 6% year-over-year and just 0.1% 0%) posted the slowest monthly rent growth.

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Constructonomics

MAY 2, 2014

I kinda felt like I came home from work one day and my house was burnt to the ground. So while we are still not resolved, I have learned a few things about dealing with non-payment and I figured I’d share a few of them so maybe you can do a little better then next time your figurative house burns down.

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Pro Builder

JULY 22, 2021

For example, homes in San Francisco and New York have experienced less intense price spikes, but homes in Detroit and Baltimore have seen dramatic upticks. But in less-pricey markets including Baltimore, Cleveland, Detroit and Indianapolis, homes with 20-minute commute distance to downtown grew in value the most. Housing Markets.

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Pro Builder

JUNE 1, 2023

and 56% of the homes in Pittsburgh, 54% in Detroit, and 54% in Cleveland. However, rapid house price appreciation during the pandemic dragged Salt Lake City near the bottom of the affordability list. Read more Housing Markets Affordability Build to Rent Affordability In contrast, the average U.S. markets,” Potapov wrote.

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Pro Builder

MARCH 21, 2022

Housing prices are showing no signs of decelerating as rising mortgage rates and tight supply sustain heated competition and keep affordability out of reach. Detroit and St. Housing Markets. Home value growth surpassed median salaries in 25 of 38 U.S. Louis were among the cities with the lowest home value growth to income ratio.

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Pro Builder

JUNE 12, 2023

Atlanta ranks fourth, with close to 2,200 houses for rent underway, reinforcing its status as a top metro for single-family homes for rent. Read more Build to Rent Market Data + Trends Housing Markets Build to Rent And high home prices and rising interest rates have only served to heighten the appeal.

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Pro Builder

DECEMBER 6, 2022

A slight improvement in affordability is causing a gradual increase in buyer demand, but until a nationwide market correction more effectively slows sales and prices, buyers and sellers are still daunted by historically high housing costs, Redfin reports. in Detroit, 1.7% Months of supply surged to 4.1 Months of supply surged to 4.1

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Pro Builder

JULY 21, 2020

making up 35% of all rental housing. Detroit, which was hit hard by the coronavirus, saw a nearly 20% drop in employment, that made local rent price growth there stagnant in May, according to CoreLogic. Rent prices increased 1.7% annually in May on a national level, according to CNBC. nationally.

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Pro Builder

OCTOBER 24, 2022

as housing costs soar to new highs and first-time buyers compete for a limited supply of entry-level properties, but four major cities still offer reasonable starting points for new buyers. Housing Markets. Housing Markets. Affordable entry level homes are in short supply across the U.S., but these cities have the most to offer.

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Pro Builder

MAY 26, 2021

The largest cities, such as San Francisco, New York, and San Jose, are best for renters while Detroit, Memphis, and Milwaukee are top markets for homebuying. Housing Markets. Housing Markets. SmartAsset ranked each market by price-to-rent ratio by comparing the median home value to the median annual rent. Key Findings.

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Pro Builder

AUGUST 4, 2022

Three years ago, in July 2019, Pro Builder published my column, “ The Next Housing Downturn—Is It Too Late to Get Ready? ” Home Building Edition ,” offering recommendations on how to survive a housing slump. The Next Housing Downturn—Is It Too Late to Get Your Business Ready? Recession Survival Tactics for Home Builders.

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Pro Builder

JUNE 8, 2022

Market hurdles like historically low housing supply, surging mortgage rates, and stagnant income growth are keeping first-time buyers sidelined at the start of 2022. Other affordable metros include: Cleveland (3.1), Detroit (3.5), Buffalo, New York (3.6); and Baltimore (3.7). First-Time Buyer Affordability Fell Sharply in Q1 2022.

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Pro Builder

OCTOBER 6, 2021

Record housing price appreciation and low inventory is dominating news about the real estate market, but the latest U.S. They include Fort Wayne, Indiana; Toledo, Ohio; Detroit, Michigan; Wichita, Kansas; Cleveland, Ohio and Omaha, Nebraska. Wed, 10/06/2021 - 10:43. in the second quarter of 2020, up from 64.1% from a year before.

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Pro Builder

JULY 13, 2020

Detroit, Mich., For people willing to take the risk to invest in a house this year, the search for a first home requires careful consideration of a number of factors. The data breaks down further into the cities with the highest and lowest median home price appreciation, rent-to-price ratio, and more. and Tampa, Fla. and Miami, Fla.

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Las Vegas Tampa Detroit Idaho 52

Pro Builder

JUNE 18, 2020

With the continued and unprecedented effects COVID-19 has on the housing market, home values have still continued to grow on-pace relative to last year. Home Value Growth Slows, Potential Decline to Come. cbroderick. Thu, 06/18/2020 - 10:27. Even better, the pace is slightly faster than prior months, according to Zillow’s May market report.

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Pro Builder

OCTOBER 12, 2021

In Detroit, for example, rent affordability for the area’s Asian households improved the most between 2019 and 2021 among all race/metro combinations analyzed, from 24.0% to 28.6%, a modest improvement that still leaves local black households near the threshold of being considered housing cost burdened. While the 25.7%

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Buisness Facilities Contributed Content

AUGUST 6, 2013

GKN Driveline and GKN Sinter Metals are expanding their automotive operations and moving to a new regional headquarters for the Americas in the Detroit suburb of Auburn Hills early next year. The new site will also house employees from GKN’s Land Systems and North American Services groups.

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Construction Knowledge

NOVEMBER 9, 2012

This odd measure was pushed by the owner of the only bridge between Detroit and Windsor, Ontario. Housing starts are rising through out the country and folks seem to be in a buying mood again. I love America. Overall, though, these bond approvals sends a good message about the future of construction.

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Natural Building

OCTOBER 22, 2022

The work of Patrick O’Brien and his Salamander Group has spanned decades, with curiosity playing a role in leading him from conventional home building in urban Detroit to exploring alternative building in Taos, New Mexico. O’Brien’s favorite building block for houses is a combination of adobe bricks and straw bales.

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