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Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

Phoenix, Ariz., These Southern metros are where BFR homes are being built the most, with Detroit, Mich., For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years. Dallas comes behind Phoenix again, doubling its BFR homes stock (currently, 7,843 units) from 2017 (3,888 units).

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Amazon Creating 3,500 Jobs In Tech Hubs Across The U.S.

Business Facilities

billion in expansions of its Dallas, Detroit, Denver, New York, Phoenix, and San Diego Tech Hubs. The jobs will be created as Amazon invests more than $1.4 Read: Amazon Creating 3,500 Jobs In Tech Hubs Across The U.S. at BusinessFacilities.com.

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The Road to Recovery in Detroit

Buisness Facilities Contributed Content

These have been dark days for Detroit. But out of the ashes of this monumental collapse — and in the midst of one of the most run-down neighborhoods in Detroit — a remarkable revival is rising like a phoenix. billion in its Jefferson North plant on Detroit’s dilapidated East Side.

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Homeownership Is Becoming the More Affordable Option in Most Housing Markets

Pro Builder

Lost Angeles, Chicago, and Phoenix, renting is still more affordable than buying, particularly as renters benefit from rising wages that outpace rent growth. Buying is more affordable than renting in the following areas with a population of 1 million or more: Houston, San Antonio, Detroit, Philadelphia and Tampa.

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A Record Share of Sellers Offered Concessions in Q4 2022

Pro Builder

In Phoenix, sellers gave concessions to buyers in 62.9% percentage-points) and Detroit (20.4 of home sales in the fourth quarter, up from 33.2% a year earlier. percentage-point increase is the largest among the 25 metropolitan areas for which data was available. Next came Seattle (25.6 percentage-points), Las Vegas (22.2

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Could the Fall Season Bring a Cooler Housing Market?

Pro Builder

Among the nation’s largest markets, annual appreciation was fastest in August in Austin (44.8%), Phoenix (31.8%), Salt Lake City (27.9%) and San Diego (26.9%). . For-sale listings rose the most month-over-month in Detroit, Oklahoma City and Buffalo. over July but remaining down 22.7% from the same time a year ago.

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Housing Prices Are Soaring in Affordable Cities

Pro Builder

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. Urban home prices increased 15% in three months through January, bringing home prices ahead of suburbia’s annual pace.

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