Through the new Yield Chicago program, seasoned and emerging development professionals are joining to share industry knowledge, networks, and best practices.
A midyear survey of home sales rates at the 50 top-selling master-planned communities (MPCs) in the United States indicates the potential for a 10 percent increase by the end of 2019 compared with last year. That exceeds expectations, according to RCLCO’s report, Top-Selling Master-Planned Communities Mid-Year 2019. The listed communities, on average, are experiencing 3 percent growth in sales over midyear 2018.
According to U.S. Census Bureau estimates, the population of Washington, D.C., topped 700,000 residents last year, the first time since 1975. But the Metropolitan Washington Council of Governments estimates a shortfall of more than 200,000 housing units by 2025 to meet the projected job growth and transportation system performance in the urban core of the D.C. region. A ULI Washington Impact Task Force report addressed two main barriers to opportunities for supply growth and attainability: navigating the entitlement and approval processes, as well as gaining community acceptance through engagement and participation.
