Housing

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34 new projects underway in Des Moines area, including 8 multifamily developments, football/soccer stadium

Commercial building permits valued at more than $125.5 million were issued in August for new projects in the Des Moines area, including eight new multifamily buildings, a review shows.

In all, 34 permits were issued …

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Waukee receives 8 proposals for affordable housing projects

Eight developers have responded to the city of Waukee’s request for proposals to build affordably priced housing on land purchased by the city earlier this year, officials said.

Creating, expanding and maintaining affordable housing for …

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NOTABLE TRANSACTIONS: 3 metro-area apartment complexes have new owners

Ownership of three Des Moines-area apartment complexes changed hands in the past week, a review of Polk County real estate transactions show. Specifically:

Belmont Park Apts LLC, located in Johnston, paid University Park LP $3.7 million …

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NOTEBOOK – ONE GOOD READ: How economy is affecting affordable housing developments

Rising interest rates, inflation and supply chain challenges are forcing developers nationwide to delay work on new affordable housing units during a time when there’s a dire need for the product, writes Rebecca Picciotto for the …

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Habitat for Humanity hosting CEO Build on Wednesday

Top leaders from 27 area businesses will spend much of Wednesday building houses during Greater Des Moines Habitat for Humanity’s CEO Build. The CEO Build is an annual fundraising event that brings together CEOs to …

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Average value of home building permit jumped to $332,937 in July

The average value of a residential building permit in the Des Moines area shot up to $332,937 in July, the highest it’s been since October 2021 when the average permit value was $338,119, a review …

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Pace of home sales slows in Des Moines area in July

The number of residences sold in the Des Moines area dropped to 1,452 in July, 13.6% fewer than June’s 1,682 sales, Des Moines Area Association of Realtors data shows.

July’s home sales were fewer than …

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NOTEBOOK – ONE GOOD READ: U.S. housing affordability worst since 1989

Last week, the National Association of Realtors reported that its housing affordability index fell to 98.5 in June, the lowest level since June 1989, writes Nicole Friedman for the Wall Street Journal. The index factors in …

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NOTABLE TRANSACTIONS: Adel group buys apartments buildings in Des Moines

A group based in Adel has purchased three apartment buildings located in the Waveland Park neighborhood in Des Moines, Polk County real estate records show. Latus Capital LLC, located in Adel, paid 4314 University LLC $935,000 for…
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WHAT’S BEING BUILT?: 900-plus multifamily units under construction in Des Moines area

Meadowview of Clive, a 106-unit senior living facility, is among the 12 multifamily projects underway in the Des Moines area. Architectural rendering by TWP Architects

 

In the first six months of 2022, commercial building permits …