By Richard Mize Real Estate Editor rmize@oklahoman.comIs housing "broken" or "exciting"? Both extreme views hit my email box this week. First, the bad news, from Ralph Bivens' RealtyNewsReport.com in Houston: The nation's housing market is "broken" because buying a new home is out of reach for too many middle-class Americans, said John McManus, vice president and editorial director of Washington, D.C., construction data firm Hanley Wood's residential group. "Housing is broken because businesses — when they add up what they have to pay for land, fees, people, materials, and capital — are finding their margins bend toward non-viability," McManus said at Hanley Woods' recent Hive Conference in Austin. "Housing is broken because the only housing builders, developers, architects, distributors, and investors can build right now profitably is unaffordable to people who earn average salaries, take home median wages, live normal lives," he said. "Housing is broken because the only way that housing becomes affordable is to wait 25, 30, 40 years, when the new housing today is old, used, in need of repair.Read more on NewsOK.com
Is Oklahoma City Housing In One Extreme Or The Other, Or Neither?
NewsOK.com RSS - life >> !The Oklahoman, Daily Oklahoman: Living
Wed, 12/12/2018 - 11:47am
BING NEWS:
- $98M affordable housing complex breaks ground in City Heights
Crews broke ground on a new $98 million, 117-unit affordable housing and mixed-use complex in City Heights on Wednesday, marking what officials said is a major milestone in creating new community hubs ...
04/24/2024 - 10:40 am | View Link - Osceola, Iowa’s Housing Boom: Working to Meet All Levels of Housing Needs
Image caption: Osceola, Iowa’s Housing Boom: Working to Meet All Levels of Housing Needs.
04/24/2024 - 8:28 am | View Link - Norman City Council approves outside counsel for library, Rose Rock School addition
The Norman City Council approved retaining outside counsel for issues related to the Norman Public Library Central closure and an addition to the Rose Rock school on Tuesday. Council approved the ...
04/23/2024 - 11:30 am | View Link - $56.8M Alley’s End gets funding
The City Council also approved gap funding for an affordable housing development at the corner of E.K. Gaylord Boulevard and N.W. 4th Street.
04/23/2024 - 8:59 am | View Link - Oklahoma City Council Set To Vote On Funding Downtown Affordable Housing Project
Oklahoma City Council members are scheduled to vote on the project, known as "Alley's End," which would be the largest affordable housing project in the state.
04/22/2024 - 10:36 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more