Michigan governor's rally call to 'build baby build' homes is easier said than done
For various reasons, the homebuilding industry in Michigan expects fewer new houses this year than last year and 2022.
Source: yahoo.com
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Court findings are latest step in ongoing litigation between Troy and Home Builders Association
TROY — An Oakland County Circuit Court finding in February is carrying a long-running legal issue between the city of Troy and the Home Builders Association of Michigan into a new chapter.
Source: candgnews.com
Michigan's housing crisis has spread to Alpena. How $100M can help.
Add northeast lower Michigan to the list of regions where there is not enough affordable housing to meet worker demand. State and local officials are taking public comment on how to spend $100 million in federal rescue funds earmarked for housing.
Source: bridgemi.com
Detroit's exurbs still see new home construction | Crain's Detroit Business
In metro Detroit, Census data shows more than 3,000 new single family homes were authorized to be built from the start of the year through July. Nationally, statistics from the National Association of Home Builders show new construction is increasingly likely to take place further from a city's core.
Source: crainsdetroit.com
Higher mortgage costs cool home sales as Fed sends interest rate higher
Michigan is likely to see higher costs of borrowing and an unemployment rate that climbs close to 5 percent, based on the change made Wednesday to cool inflation.
Source: bridgemi.com