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.

Detroit 52

Detroit Modeling Plans Finance 52

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.

Housing 52

Housing Products Income Detroit 52

Pro Builder

JANUARY 19, 2023

ldeakins Thu, 01/19/2023 - 10:48 Saving up for a down payment to buy a home depends, in large part, on household income. metro areas, however, saving for a down payment takes just under five years, thanks to a relatively high median household income. Read more Housing Markets Affordability New-Home Sales Housing Markets

Los Angeles 98

Los Angeles San Francisco Long Beach Metro 98

Pro Builder

MARCH 21, 2022

Home prices rose faster than median incomes in the majority of metro areas tracked by Zillow in 2021. metros tracked by Zillow in 2021, compared to just five metro areas where home value appreciation outpaced median income in 2020, CNBC reports. Detroit and St. Housing Markets. Mon, 03/21/2022 - 09:51. Affordability.

Metro 52

Metro St. Louis San Jose San Francisco 52

Natural Building

OCTOBER 4, 2019

In Detroit colorful little homes are intended to help solve desperate urban problems. Every single house is different on purpose,” said the Rev. Low-income adults, including people formerly homeless or incarcerated, are moving into the compound. Cass’s eclectic community is meant as the opposite of monolithic public housing.

Housing 82

Housing Detroit Work in Progress Austin 82

Pro Builder

MARCH 9, 2022

times median first-time home buyer income and 5.3 Detroit joined this lineup, nudging out Minneapolis and Baltimore. times median first-time buyer income, Cleveland (3.1), St. Louis (3.3), Buffalo, New York (3.5), and Detroit (3.5). times first-time buyer income, compared with 12.1 Housing Markets.

St. Louis 52

St. Louis San Jose Los Angeles San Diego 52

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. And with home prices up by nearly 30%, “we know for sure people’s incomes have not risen by 30%,” he says. . Housing Markets. Affordability.

Metro 40

Metro Oklahoma City Oklahoma Tulsa 40