02 May '11, 1pm

Latest numbers on oversupply of sprawl housing, undersupply of urban types: #smartgrowth #urbanplanning

Latest numbers on oversupply of sprawl housing, undersupply of urban types: #smartgrowth #urbanplanning

The chart above comes from Arthur C. (Chris) Nelson of the University of Utah, as reported by Rob Steuteville in his New Urban Network blog . It compares three estimates of American consumer housing preferences – from Nelson’s own research, market analysts Robert Charles Lesser & Co. and the National Association of Realtors – to what we actually have now on the ground, as measured in the 2010 American Housing Survey. It shows that we have far more large-lot housing than we are going to want going forward, and considerably less small-lot and attached housing than we are going to want. These numbers reflect the trends that I described last week regarding the collapse of the assumptions behind sprawl . The expected result would be, in general, declining values for large-lot housing and rising values for more urban housing types, which is exactly what we are starting to see . ...

Full article: http://switchboard.nrdc.org/blogs/kbenfield/housing_prefe...

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