As the housing market roars back to life, the price of "dirt", or developable land, is surging in America's most desirable areas - including the outer suburbs. A shortage of lots is said to be hampering the housing recovery.
"The latest land rush is in full swing," writes Shaila Dewan, "as developers realize that they have failed to feed the zoning, permitting and mapping pipeline, which can take months or years to turn raw fields into buildable lots. They are realizing another thing, too: they have been sorely missed."
“For the first time, I’ve seen cities want to work to help figure it out, rather than doing us a favor all the time to let us develop,” said Scott Carlston of Hunter Emerson, a development partnership.
“We have gone from a situation where five years ago everyone was saying, ‘There’s too many lots,’ to today, builders are literally crying on our shoulder saying, ‘There’s not enough lots. We can’t find any,’” said Bradley F. Hunter, the chief economist at MetroStudy.
FULL STORY: Prices Are Rising for New Homes, and the Land They Are Built On
Boomers Drive Home Sales; Millennials Still on the Sidelines
Bloomberg produced an article describing what it sees as the dominant narrative of the for-sale housing market as the country slowly emerges from the recession and adjusts to its new demographic realities.
Why Phoenix's Housing Recovery Is Bad News for Some
As one of the cities most effected by the housing crash, one would think the recovery of Phoenix's real estate market would be cause for widespread celebration. But a confluence of factors is making it hard for many to find a place to live.
What’s in a Name? Investors vs. Speculators
We don’t often make a clear distinction between investors and speculators, which makes it harder to identify harmful behavior — and to find solutions for it.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.
Washington Legislature Passes Rent Increase Cap
A bill that caps rent increases at 7 percent plus inflation is headed to the governor’s desk.
From Planning to Action: How LA County Is Rethinking Climate Resilience
Chief Sustainability Officer Rita Kampalath outlines the County’s shift from planning to implementation in its climate resilience efforts, emphasizing cross-departmental coordination, updated recovery strategies, and the need for flexible funding.
New Mexico Aging Department Commits to Helping Seniors Age ‘In Place’ and ‘Autonomously’ in New Draft Plan
As New Mexico’s population of seniors continues to grow, the state’s aging department is proposing expanded initiatives to help seniors maintain their autonomy while also supporting family caregivers.
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