Daily Detroit (@dailydetroit.bsky.social)

Why New Single-Family Homes Are So Rare in Detroit (and How One Company Is Changing It) On today’s Daily Detroit, Jer sits down with developer and Greatwater Homes co-founder Matt Temkin to unpack what it really takes to build brand-new single-family houses inside the city limits. After all, there were only 19 permits pulled in 2024 in Detroit. We dig into the brutal math behind new construction: why a typical unit can cost $250,000–$400,000 to build, how the “1% rent rule” prices many Detroiters out of new apartments, and why at $2,500 a month most people start asking whe https://www.dailydetroit.com/why-new-single-family-homes-are-so-rare-in-detroit-and-how-one-company-is-changing-it/