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
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City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research