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Where is real estate development headed in 2023...

Ken McElroy Show

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Multifamily Works or New Construction Works for Multifamily?

In Phoenix right now, you know, mid 2000 product is selling for 400 to 500 a unit. So in that case, it makes sense to build property and you've got all this potential equipment because things are selling now. Let's just flip all the way to Houston, which I'm buying in right or Austin, which I’m buying in. And we're delivering at 250 a door. We're really building a niche that wasn't there. In Boise, where arguably one of the hottest single family markets in the country for the last couple of years,. That's really just got like everywhere else. A lot of cold water thrown on that market.

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