Why Are New Single-Family Homes 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 whether they should just buy instead.
Temkin says Detroit has always been a city of houses, and that new…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.