Realty Biz News Daily Update: Fri, March 7, 2025<\/b><\/p>\n
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The U.S. real estate landscape is shifting: D.C. grapples with affordability, tariffs jolt lumber prices, Columbus stalls on apartments, and Calhoun County’s sales climb. Here\u2019s the breakdown.<\/span><\/i><\/p>\n <\/p>\n D.C.\u2019s Affordability Puzzle: Deep Dive<\/b><\/b><\/p>\n <\/p>\n Washington, D.C.\u2019s housing market is under pressure as single-family homes average over $1 million (<\/span>DC News Now<\/span><\/i> [1]). New developments and commercial-to-residential conversions are pitched as fixes\u2014think vacant offices morphing into apartments. Montgomery County\u2019s Allium Place, fully leased, shows promise for affordable housing. D.C. leads the nation in office-to-residential shifts, but experts caution it\u2019s no quick cure. Prices are climbing, and buyers need relief\u2014policy and market winds will decide if these efforts deliver. Affordability is still a steep hill to climb.<\/span><\/p>\n <\/p>\n U.S. Lumber Costs: Flash Brief<\/b><\/b><\/p>\n <\/p>\n Trump\u2019s tariffs are shaking the timber pile (<\/span>Fox 10 Phoenix<\/span><\/i> [2]). Lumber prices hit a two-year peak, up 14% in 2025, with Canadian imports\u201470% of U.S. supply\u2014facing nearly 40% tariffs. Homebuilders warn construction costs will spike, pinching affordability. A national security probe into wood imports could pile on anti-dumping duties, while Trump\u2019s domestic logging push draws skepticism. The Fed\u2019s Beige Book flags regional banks fretting over materials costs\u2014housing\u2019s price tags are in for a jolt.<\/span><\/p>\n <\/p>\n Ohio\u2019s Construction Lag: Angle Shot<\/b><\/b><\/p>\n <\/p>\n Columbus, Ohio, is losing ground in the housing race (<\/span>Yahoo News<\/span><\/i> [3]). Permits hit 10,474 in 2024, up slightly from 10,196, but experts say 14,000-19,000 are needed. Single-family homes ticked up, yet multi-family units\u2014apartments and condos\u2014tanked. Winners: developers like Beulah Park, adding 1,000 homes. Losers: renters face a median price of $497,450, pricier than Nashville or Raleigh. Zoning and infrastructure woes are the culprits\u2014Columbus is pushing reforms, but suburbs lag, stalling supply.<\/span><\/p>\n <\/p>\n Michigan\u2019s Price Pop: Closer Call<\/b><\/b><\/p>\n <\/p>\n Calhoun County, Michigan, is cashing in (<\/span>Yahoo News<\/span><\/i> [4]). December\u2019s median home price rose to $180,000, a 13.2% jump from $159,000 a year ago. Single-family homes held at $175,000, up 10.8%, while condos and townhomes soared 62.7% to $289,000. Statewide, Michigan\u2019s $225,000 single-family median reflects a 12.5% gain. Sales climbed 8.4% to 9,541. What\u2019s next? Demand\u2019s heating up\u2014could signal tighter inventory ahead.<\/span><\/p>\n Four markets, four signals\u2014cost pressures and supply gaps loom large. Next week might show where the cracks widen.<\/span><\/i><\/p>\n <\/p>\n Sources:<\/span><\/i><\/p>\n Realty Biz News Daily Update: Fri, March 7, 2025 The U.S. real estate landscape…<\/p>\n","protected":false},"author":1,"featured_media":310,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-facts"],"_links":{"self":[{"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/posts\/309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/comments?post=309"}],"version-history":[{"count":1,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/posts\/309\/revisions"}],"predecessor-version":[{"id":311,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/posts\/309\/revisions\/311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/media\/310"}],"wp:attachment":[{"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/media?parent=309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/categories?post=309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/realtybiznews.com\/news\/wp-json\/wp\/v2\/tags?post=309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n