HELLO & WELCOME TO ADAPTIVE SHELTERS!
At Adaptive Shelters, we deliver high-end solutions for all your modular building projects in a faster and cost-effective way!
Our products and services offer an enterprise level infrastructure with a robust supply chain all over the USA!
Housing Problems in USA!
It has been a decade since the great recession and still, we continue to face problems related to housing. Even though the real estate market is looking up, the problems remain – people are either unable to purchase houses due to high prices or there are too many buyers and not enough affordable homes.
In order to solve this dire issue, an affordable housing solution is needed! Enter Adaptive Shelters!
Adaptive Shelters Helps Solve the Housing Crisis!
At Adaptive Shelters, we are all about providing multifamily container home projects at the most affordable rates. We know how expensive it can be to construct a new home from the ground up. This is why we can help those who fear they may become homeless by offering them a way to purchase container homes.
If you are looking for a budget-friendly way to lease a modular or even rent a modular home then our multifamily modular structures is the best way to go!
Why Modular Housing is the Way to Go!
When compared with traditional housing, a modular building project can give you:
- A house constructed 50% faster!
- Cost savings of up to 40%!
- Totally re-locatable, so take it when you wish to move to another city/town!
- Energy efficiency results in lower bills!
These are just a few of the benefits of modular housing and how it can be instrumental in helping the people of this country, however, if you wish to read more, you can check out the full article here!
The New Housing Crisis: Shut Out Of The Market
August 6, 20185:00 AM ET
Kirk Siegler / Brian Berumen – NPR
Kyle Green for NPR
Ten years after the housing collapse during the Great Recession, a new and different housing crisis has emerged.
Back then, people were losing their homes as home values crashed and homeowners went underwater. Today, home values have rebounded, but people who want to buy a new home are often priced out of the market. There are too few homes and too many potential buyers.
Home construction per household is now at its lowest levels in nearly six decades, according to researchers at the Federal Reserve Bank of Kansas City. This isn’t just a problem in San Francisco or New York, where home prices and rents have gone sky-high. It is also a problem in midsize, fast-growing cities farther inland, like Des Moines, Iowa; Durham, N.C.; and Boise, Idaho. In Boise, an analysis by the U.S. Department of Housing and Urban Development showed there is a demand for more than 10 times the number of homes being built right now.
We asked our audience to weigh in on their own searches for affordable homes. We heard from hundreds of people across the country who attested to hard times finding a house and prices that were rarely affordable. They wrote about being priced out of urban areas, and out of the neighborhoods in which they wanted to buy. Bidding wars were lost for homes in Michigan, Seattle and North Carolina. Student loan debt is making it impossible for a couple in New Orleans and a family in Portland to save for a down payment.
Kyle Green for NPR
Jennifer St. John has lived all her life in Boise. The city she was born in was a sleepy, tree-lined river town surrounded by farms and mountains. It’s hard to recognize today.
“A lot of the areas that were fields and farms are now full-on neighborhoods,” said St. John, “and corners that were out in the boondocks — and why would you ever go there? — are now a booming part of town.”
The boom didn’t really get personal for St. John until last year, when she decided she was ready to buy her first house. She’s 37 and manages a learning center for kids who have autism. She’s solidly middle class and can afford a house that sells for $200,000. But the median home price in Boise right now is nearly $100,000 higher than that, putting it out of reach for St. John and for the average homebuyer in Boise.
“It’s been hard for me,” said St. John. “I’m single, there’s only one income in my home and I don’t want to share my house with roommates.”
So how did we get here, especially in cities like Boise that have long been affordable?
One answer lies in the immediate aftermath of the Great Recession, when home building ground to a virtual halt. The rebound has been slow and painful. Single-family home construction is now at its lowest rate in four decades.
Robert Demaray, a contractor in Boise, can attest to a lack of construction workers: “It’s been real tough to find help. Thank goodness my two sons work with me,” he said. With not enough workers, it’s taking about two to three months longer to build homes today than it would have in 2006, before the recession.
Demaray said younger people aren’t going into the trades like they used to. And those workers who are here and available are hard to keep.
“The guys chase dollars, you know, ‘This guy over here, he’ll give me a dollar more an hour so I’m gonna go,’ ” he said.
Builders can’t finish homes fast enough to keep up with demand. All of this means prices for existing homes on the market are going only one direction — up, sometimes stranding people in their current homes even if they desperately want to move.
In Beaverton, Ore., Manish Gooneratne feels stuck in his home.
“We bought in May 2017 when home prices in our area had reached levels compared to 2007,” he said. “As of one year ago, our home is estimated to have appreciated in value by $10,000 to $12,000. This is great, but since we barely squeezed back into the market, we doubt we’d be able to get back in even if we sold with a profit.”
Marjie and Ben Vick in suburban Denver have been in their current house for four years. Their property has almost doubled in value since they purchased it.
“We thought it was pretty incredible,” said Ben. Incredible, that is, until he and his wife started looking for a new house with a bigger yard and could find nothing.
Every house they looked at they were outbid or lost to cash offers.
Bidding wars have become the norm in many cities. “Of the two times we’ve put in an offer in the past year, we’ve been left behind by bidding wars several thousands of dollars over asking prices, often times cash offers,” says Meredith Falkenstien of Lawrence, Kan.
Marjie Vick admits to being disappointed. “We work hard for what we have and what we want and what we want our life to be,” she said, “and it’s just a dream that we can’t attain.”
The real crunch in supply is for so-called starter homes — a home meant to be affordable, smaller in size — perfect for that first-time homeowner. But across the nation, builders are focusing much more of their efforts on high-end construction. In Boise, for example, 65 percent of homes for sale are on the upper end of the market. Thirty years ago, half of all homes on the market were smaller and less expensive, according to this year’s State of the Nation’s Housing Report from Harvard University. In 2017, that percentage had fallen to 22 percent, or less than a quarter.
Joe Atalla moved with his wife to Boise 13 years ago from the San Francisco Bay Area to start a family. An architect by trade, Atalla now owns his own building firm. He explained that the lack of developable land accounts for the kinds of homes he constructs. “As a builder,” he says, “if I’m building a more expensive lot, I have to build a home that justifies the cost of that lot.”
In its quest for more affordable housing, Boise may look to voter-approved bonds. Boise Mayor Dave Bieter admits there’s a real housing crunch.
“Our figures show we need to build about a thousand units a year in the city of Boise to keep the kind of demand we’re seeing,” he said. Boise is way behind on that goal — they’ve built about that much over the past five years. One large project that’s underway on city-owned land not far from Bieter’s office could help ease the market. But it’s not going to do much in the short term.
As the search for a home takes longer, home values steadily creep up. Even in suburban areas, a six-figure household income is often not enough to afford a purchase on a home. This is especially a problem in western cities, where median home prices are five times greater than incomes. That price-to-income ratio is commonly used by economists to track home affordability — the higher the ratio, the less affordable the home. The price of a typical home in the U.S. in 2017 was four times the median income. In West Coast cities like San Jose or San Francisco, the ratio was 10 times and 9 times respectively. What that translates to is that only 12 percent of residents in San Francisco can afford a home.
Many potential buyers reach a breaking point where they finally resign themselves to renting long-term or moving out of the area.
“We feel priced out, you know. I don’t think prices are going to go down anytime soon, so it’s kind of the situation where you’ve got to make more money or live somewhere else,” said Brock Bridges, a bartender in Boise looking for a first home.
Some are forced to go far outside even suburban areas to find a home.
“If you were to see my home, it’s damn near in the middle of a field,” said Grant Bathe of Thornton, Colo. “It’s telling about how far out-of-the-way you need to go to be able to find a home.”