New Developments = More Affordable Housing

[Devin James]

If you want more affordable housing, attend city commission meetings and advocate for approving new developments. More units = more options :).

Its supply and demand. Every time we build a new home, we add more supply to the market.

As supply increases, demand decreases, which can eventually lead to lower prices if done on a large enough scale.

Unfortunately, many people outside our industry don’t fully understand this.

There's a misconception that builders are price gouging, but in reality, the price of a home is directly tied to the cost of building it.

When material or financing costs go up, home prices follow. And when demand is high, the product goes to the highest bidder.

Companies don’t just pull prices out of thin air—everything is strategically calculated.