Skip to content

Investor Education

How to Lose Money By Not Knowing What You Don’t Know

How to Lose Money By Not Knowing What You Don’t Know “Scott K. Choppin is the founder of Urban Pacific Group of Companies. Scott oversees all operations of the Urban Pacific family of companies including business development, capital acquisition and strategic planning. Prior to that, Scott was director of land acquisition for the multifamily development…

READ MORE...

Construction Job Openings Plunged by 71,000 in June

Construction Job Openings Plunged by 71,000 in June “The construction industry had 71,000 fewer job openings in June, providing more evidence that a once-scorching employment market is starting to cool.” “There were 334,000 open jobs across construction in June, a 17.5% plummet from May, according to the Bureau of Labor Statistics’ monthly Job Opening and…

READ MORE...

Development and Construction Trends in California’s Multifamily Housing Market

Development and Construction Trends in California’s Multifamily Housing Market “The panelists agreed that opportunities exist in affordable and workforce housing, with one member noting that they cannot build their way out of the demand for these properties. Employees need housing that fits their budgets and gives them access to transportation so they can get to…

READ MORE...

U.S. Apartment Demand Through 2035

U.S. Apartment Demand Through 2035 “Affordability will continue to be a substantial housing challenge Apartment affordability has become slightly worse during the past five years despite lower interest rates and the passage of laws designed to ease affordability. Affordability has been further exacerbated by a loss of 4.7 million affordable rental units priced under $1,000…

READ MORE...

Early Stage Demand Picks Up as Mortgage Rates Fall to a Four-Month Low

Early Stage Demand Picks Up as Mortgage Rates Fall to a Four-Month Low “Redfin’s Homebuyer Demand Index—a measure of requests for home tours and other home-buying services from Redfin agents—rose 7 points during the last week of July, and mortgage purchase applications rose for the first time in five weeks. So far this rebound has…

READ MORE...

The Benefits of Real Estate Development Market Cycles & Competitive Advantages

The Benefits of Real Estate Development Market Cycles & Competitive Advantages “In this episode, we speak with Scott Choppin to discuss several topics including why Urban Pacific focuses on developing workforce housing, the benefits of developing vs. the value-add strategy, what makes Urban Pacific’s development process unique, recognizing competitive advantages, low-income housing tax credits, and…

READ MORE...

Credit Card Balances Grow at Fastest Pace in Decades

Credit Card Balances Grow at Fastest Pace in Decades “Two fresh stats — courtesy of the New York Fed — tell the story: Credit card debt surged by $46 billion last quarter — a 13% jump from the prior year that marks the biggest increase in over 20 years. Americans opened 233 million new accounts…

READ MORE...

The Snowballing U.S. Rental Crisis is Sparing Nowhere & No One

The Snowballing U.S. Rental Crisis is Sparing Nowhere & No One “Rental costs in the US are soaring at the fastest pace in more than three decades, surpassing a median of $2,000 a month for the first time ever and pushing rents above pre-pandemic levels in most major cities. Increases are particularly steep in metropolitan…

READ MORE...

Developing Profitable Affordable Housing

Developing Profitable Affordable Housing “Creating affordable housing is a challenge for many developers. Part of the issue is the cost to develop affordable housing leaves little to no profits for developers. Because of this, many developers rely on government subsidies to bridge the profitability gap. However, Scott Choppin and his firm, Urban Pacific have found…

READ MORE...

Something Snaps in The Job Market: Multiple Jobholders Hit All Time High As Unexplained 1.8 Million Jobs Gap Emerges

Something Snaps In The Job Market: Multiple Jobholders Hit All Time High As Unexplained 1.8 Million Jobs Gap Emerges “Something very odd emerges for the second month in a row when looking at the July payrolls report. Recall last month we showed that a stark divergence had opened between the Household and Establishment surveys that make up…

READ MORE...