Our affordable housing crisis is not just happening in Denver and other major “hip” cities like San Fran, San Jose, Seattle, Portland, Austin, etc. This is also happening in many other cities and states that are NOT “hip” places to move to. I read this story in a Builder Magazine newsletter last week.
“Bob Snowden, a home builder in the Grand Rapids, Mich., says he gets calls practically every day from families in the western Michigan city asking him to build them a new home. He ends up turning most of them down. Demand for housing is stronger than he has ever seen, he says, but land and construction costs have roughly doubled since the end of the last boom a decade ago.” Thus, he can’t build affordable homes in a profitable manner.