Kresge Opens 78 Affordable Homes Near Eastern Market

Affordable housing remains constrained by limited supply, rising prices and uneven conditions across markets. Nationally, starter homes made up a smaller share of listings in August 2026 than in 2019, while their prices climbed nearly 31%; condos and townhomes have also become a larger part of the starter-home segment. Metro Detroit faces a distinct shortage of new construction after homebuilding failed to regain its pre-recession pace, while homeowners holding low pandemic-era mortgage rates further limit available supply. Some buyers can find lower-cost options in smaller Southwestern desert towns, though often with fewer nearby services or greater distance from major cities. In Detroit, a newly opened 78-apartment development near Eastern Market adds rent-restricted homes for households earning 30% to 60% of area median income.