Category: Economy

Economy, South DakotaLeave a comment

Rapid rise in South Dakota home prices is ‘not sustainable,’ economist says

Gary Dickson

Average first-time homebuyers can expect to spend about two-fifths of their pre-tax income on a monthly payment for a house in South Dakota.

“This situation is unheard of,” said Dakota Institute CEO Jared McEntaffer.

He addressed the Governor’s Conference on Economic Development on Wednesday at the Sioux Falls Convention Center.

McEntaffer called home prices one of the biggest economic issues the state faces. His analysis highlighted the decoupling of housing costs from incomes, posing a challenge for attracting new workers. Continue reading Rapid rise in South Dakota home prices is ‘not sustainable,’ economist says

Economy, South DakotaLeave a comment

Price goes up for Governor’s House program, but less than recent years

Gary Dickson

The homes built by inmates and sold to income-eligible South Dakotans will cost more come Friday, but the price hike is lower than it has been for the last three years.

The South Dakota Housing Development Authority Board voted Tuesday to increase the prices for Governor’s Houses, which are constructed at Mike Durfee State Prison in Springfield and shipped across the state to eligible buyers. 

There are two- and three-bedroom homes, as well as “DakotaPlex” options for more than one family in towns with 5,000 people or fewer, and day care models. Continue reading Price goes up for Governor’s House program, but less than recent years