Consumer preference surveys indicate that total U.S. demand for large-lot, exurban housing will not increase, while demand for small-lot and attached housing in accessible, multi-modal locations will double during the next two decades.
A new report released by the Victoria Transport Policy Institute suggests that a majority of consumers prefer living in smart growth communities. "Where We Want To Be: Home Location Preferences And Their Implications For Smart Growth" (www.vtpi.org/sgcp.pdf) indicates that the existing stock of large-lot, exurban homes is sufficient to satisfy market demand for the next two decades, but the number of small-lot and attached housing in accessible locations with multi-modal transportation systems must approximately double to meet consumer needs.
Thanks to Todd Litman
FULL STORY: Where We Want To Be: Home Location Preferences And Their Implications For Smart Growth
Home Location Preferences And Their Implications For Smart Growth
Location, location, location. Choosing a smart home location can help households become healthy, wealthy and wise, since it affects residents’ physical activity levels, long-term financial burdens and opportunities for education and social interaction.
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The International Housing Affordability Survey is biased in ways that make urban-fringe housing seem more affordable and infill seem less affordable. Anybody who uses this analysis should be warned.
True Affordability: Critiquing the International Housing Affordability Survey
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