Housing affordability crisis

Last week Home Builder Magazine  ran 4 stories titled “What’s Wrong With Housing in America?” by Scott Cox,  principal at Denver Colorado-based SLC Advisors, a home building, land development and investor consultancy that manages company level investments, housing and community development projects and repositioning/work-outs. Scott, is a licensed architect with broad experience in banking, development…

Residents in the town of Morrison will be voting this fall on whether to overturn the City Council’s decision to allow a developer to build residential and some office and retail space at the NE corner of Morrison Road and C-470 in the Rooney Valley just south of Solterra. This new development would feature 1,400…

Last week Home Builder Magazine ran 4 stories titled “What’s Wrong With Housing in America?” by Scott Cox, principal at Denver Colorado-based SLC Advisors, a home building, land development and investor consultancy that manages company level investments, housing and community development projects and repositioning/work-outs. Scott, is a licensed architect with broad experience in banking, development…

Residents in the town of Morrison will be voting this fall on whether to overturn the City Council’s decision to allow a developer to build residential and some office and retail space at the NE corner of Morrison Road and C-470 in the Rooney Valley just south of Solterra. This new development would feature 1,400…

I read this story from FIXR about the cost to build a home in the U.S. in 2017 according to a survey of 4,267 home builders building the average home with 2,776 finished square feet on a 11,186 square foot lot. The national average cost to build the average new home was $237,760. This does…

The Urban Institute recently released a report on why Millennials are not buying houses and they discovered for Millennials ages 25 to 34, their homeownership rate is 8 percentage points lower than it was for Baby Boomers and Gen X at this age. Why? Millennials love living in high cost cities where it’s tough to…

The share of all mortgage loan applications with floating rates reached a high of over 30% in 2005, then dipped below 1% in late 2008. Adjustable-rate mortgage (ARM) application rates have hovered between 6% and 8% since around 2010, and as of early June ARMs made up only 6% of all mortgage loan applications. With…

I read this story in Fast Company Magazine about our housing crisis. “A new report from Apartment List calculates that one in 18 Americans, or 17.7 million people, live in a manufactured home nationwide; the average monthly housing cost is $564, versus $1,057 for a typical house or apartment. In the 100 largest metro areas,…

Since June 12th thru June 25th the Dow has lost 1,200 points due to tariffs, but the 10 Year Treasury yield only dropped by 6 bps. Normally when we see this big of a sell-off in the stock market bond yields will drop by 15 bps or more. But, this hasn’t happened. Why? First, I…

I read I believe 3 stories last week about how unaffordable housing is becoming, not only in Denver but in many more large metro areas. Here is one simple solution that could help renters become homeowners. Get a second job as nearly every retail store and restaurant is hiring. Now income from a second job…