article thumbnail

Detroit Housing Revitalization Program Serves as Example for Biden's Plan

Pro Builder

Detroit Housing Revitalization Program Serves as Example for Biden's Plan. A neighborhood revitalization program in Detroit now serves as an example for a proposed housing initiative. In Detroit, many homes in need of repairs remain vacant because renovation costs would exceed the potential selling price.

Detroit 98
article thumbnail

How Detroit’s New Land Value Tax Plan Could Serve as a Model for the Nation

Pro Builder

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
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

In Remembrance of Bill Pulte, a Housing Giant

Pro Builder

In Remembrance of Bill Pulte, a Housing Giant aalbert Tue, 02/14/2023 - 12:18 A gentleman. Starting out as a carpenter while still in high school, Pulte built his first home, a five-room bungalow, near the Detroit City Airport, when he was just 18, with the help of five friends. The house sold for $10,000 and he never looked back.

Housing 98
article thumbnail

As Mortgage Rates Fall, Homebuyer Demand Rebounds

Pro Builder

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% Financing. Months of supply surged to 4.1 Prices fell 8.2%

article thumbnail

State of the Union Follow-Up: What About Rising Rents?

Pro Builder

Biden’s first State of the Union address outlined his administration’s plan to build back the nation after the devastating and costly COVID-19 pandemic, but absent from his speech was an objective to cut housing costs. Louis and Detroit. Housing Policy + Finance. Housing Policy + Finance.

Union 52
article thumbnail

Guide to Top 2023-24 Construction Conferences & Events

Autodesk Construction Cloud

Get more details 25th Annual Lean Construction Congress (Detroit, Michigan) October 24–27, 2023 The LCI Congress is held annually with a focus on Lean transformation in the built environment through Lean implementation. The 25th annual event will take place in Detroit, Michigan on October 24th through the 27th, 2023.

article thumbnail

Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. I kinda felt like I came home from work one day and my house was burnt to the ground. We pretty much had every asset in the company thrown into the project so there was nothing left.

Lien 186