JACKSON, MI – Residents and developers looking for space to build new homes can now consider properties in the city of Jackson. The city’s Property Sales Program has expanded to include buildable lots, which are vacant lots or a combination of properties large enough to accommodate new construction of a single-family home or multi-residential complex,
Category: NEW CONSTRUCTION
In both cases, the figure was the highest in the 20-plus years of data Cross has compiled, according to Erik Doersching, the firm’s president. The total price buyers paid, $438,307 on average for houses and $590,283 for condos or townhouses, were not records, as both types of housing have been selling at smaller square footages
Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. What I have always tried to do with my economic
If you ever wondered what a $1.2 million home or a floating staircase looks like, the Pueblo Parade of Homes can satisfy your curiosity. This year’s tour includes 10 homes in Pueblo and Pueblo West. It runs from 9 a.m. to 5 p.m. Saturday and Sunday and again 9 a.m. to 5 p.m. Aug. 6-7. Tourgoers
Rising real estate prices and interest rate hikes have finally started to bring balance back to the residential market this year. But while demand is falling off, the U.S. still has a major need for new homes, which could create plenty of opportunity for residential builders. One of the major factors that contributed to the
Contractors work on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images After two years of not being able to build homes fast enough to keep up with demand, the nation’s homebuilders are now experiencing a slowdown
The great thing about investing in real estate is that it can lead to a steady stream of passive income. And while there are different ways to achieve that goal (for example, loading up on real estate investment trusts, or REITs), one tried-and-true strategy has long been to purchase income properties. Income properties offer real
This week, Metro released the annual affordable housing bond report. The report includes details about bond housing production across the region in 2021, showing significant progress toward delivering on promises made to voters. Regional progress on affordable housing The bond was passed by voters in 2018 and aims to create 3,900 homes region wide. As
Homebuilders have become extremely cautious about the prospect of single-family home sales, while multifamily activity remains robust. Single-family units fell to 982,000 in June, the lowest level since the pandemic lockdown of March 2020, while multifamily starts reached 577,000, one of the highest levels in 30 years. Moreover, housing permits, which can be regarded as
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Plano-based developer Granite Properties has formed a partnership with a North Carolina-based real estate investment trust to build two North Texas office towers. Raleigh-based Highwoods Properties will be an equity investor with a 50% stake in Granite’s new 23Springs office tower under construction in Uptown Dallas and its Granite Park Six office high-rise being built