If you missed this CNN story on war and pandemic-related supply chain disruptions that featured interviews with Trellis COO Joel McCabe and our Director of Real Estate Development Glenn Karlson, click below for the full story.
https://www.cnn.com/2022/03/31/economy/home-construction-oil-commodities-volatility/index.html
Affordable home builders, like Trellis in Phoenix, are feeling the squeeze.
“Our struggle is always making sure that we can maintain affordability or maintain the ability to deliver a home that may cost $400,000 or $500,000 nowadays to a family that could only maybe have a purchasing power of $200,000 or $225,000,” said Glenn Karlson, director of real estate development at Trellis.
Trellis has tried to make up the difference for buyers, including applying federal low-income housing tax credits, developing higher-density housing projects and offering lease-to-own properties, said Joel McCabe, Trellis’ chief operating officer.
By Alicia Wallace, CNN