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Housing

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Pace of new home construction slows in area communities

The Des Moines-area residential homebuilding market remained stagnant in May as rising home mortgage rates caused some potential buyers to leave the new-home buying market.

The 14 jurisdictions surveyed by the Business Record issued 420 …

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Nonprofit group proposes converting Valley West Inn into housing

The Valley West Inn at 3535 Westown Parkway in West Des Moines would be converted to housing under a proposal heard this morning by a subcommittee of the West Des Moines City Council. Photo courtesy …

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Median sale price of DM-area house sets another record in May

The median sale price of a house sold in the Des Moines area reached yet another record high in May, at $275,000, according to Des Moines Area Association of Realtors data.

May’s record surpassed the …

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Des Moines-area homebuilding market continues to slow

The Des Moines-area residential homebuilding market continued showing signs of slowing in April as rising home mortgage rates pushed potential buyers out of the market.

The 14 jurisdictions surveyed by the Business Record issued 389 …

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Des Moines residents need to make more money to buy a home

Axios Des Moines: Des Moines locals have to earn 30% more than a year ago to afford the region’s median-value home, per the latest analysis by real estate company Redfin. The income needed to afford a …

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Invest DSM is helping to stabilize neighborhoods by buying rentals, converting them to owner-occupied houses

For years, residents of neighborhoods near Drake University have pushed to see rental properties converted back to owner-occupied housing.

The revolving door of rental occupants coupled with inattentive landlords resulted in unsightly properties. And while new …

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Hundreds of Des Moines properties aided by Invest DSM programs

A few weeks after Melisa Nouchanthavong and her husband bought their first house, they discovered problems with its foundation, including a wall that was nearing collapse.

 

“We needed a basement gutter system and braces …

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Development of $28 million housing project underway in Pleasant Hill

Hubbell Realty Co. this month began construction for Forge65, a 162-unit townhouse and apartment development located on about 8 acres south of Iowa Highway 163 at Northeast 60th Street in Pleasant Hill. The project was originally …

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New home construction slows in most metro communities

New home construction slowed in most Des Moines-area communities during the first three months of 2022, with 850 building permits issued, 17% fewer than the 1,023 issued during the same period a year ago.

Of …

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Grants for downtown housing projects announced

Nearly $20 million in grants to support downtown housing has been distributed to 61 Iowa communities, Iowa Gov. Kim Reynolds announced last week.

The awards, made through the state’s downtown Housing Grant program, will create …