Suburbs
Ten infill residential developments help strengthen the urban fabric and add density where it is needed most.
In high-cost markets such as Los Angeles, modular construction is reducing the average cost per unit by more than 50 percent, in addition to higher retention for the workers assembling the units off site.
Growth pours north out of Dallas, the city nicknamed “the Big D,” and one result has been a boom in the suburb of Frisco, which earned the title of the nation’s fastest-growing city of the 2010s, according to the U.S. Census Bureau. Frisco’s growth has spread to nearby Celina, which has grown 10x since 2010.
Renters are now the majority in more than 100 U.S. suburbs that were previously homeowner territory 10 years ago, according to an analysis of U.S. Census Bureau data by Yardi’s RentCafé. Another 57 suburbs are expected to follow suit in the next five years, with many of these suburbs belonging to the Miami, Washington, D.C., and Los Angeles metro areas.
As climate change causes more intense rainfall, it threatens to overwhelm many city sewer systems. In response, cities are turning to infrastructure that absorbs stormwater runoff at its source.
The Villages, a retiree-focused community northwest of Orlando, in 2020 once again topped RCLCO’s listing of the 50 top-selling U.S. master-planned communities. Total new home sales among the communities were 20 percent higher in 2020 than the previous year, RCLCO reported.
In the past three years, the California Legislature has passed more than a dozen housing reforms addressing a swath of issues, including tenant protections, rent gouging, production of accessory dwelling units (ADUs), streamlined permitting for affordable and market-rate housing, new funding sources, and more. Though the pace may seem slow, there are signs of progress and hope for more in the future, panelists said at a ULI San Francisco event.
More than 3,000 ULI full members are expected in Nashville, April 16–18, to attend the 2019 ULI Spring Meeting. Music City was ranked fifth among markets to watch in Emerging Trends in Real Estate © 2018. Don’t miss these five tours of both the past and the future of Nashville.
Everyone thought they knew what millennials and their parents, the baby boomers, wanted in housing and lifestyle, but the two largest demographic groups in U.S. history are not behaving as many prognosticators thought they would.
A panel of experts at a ULI Washington event said that thriving suburbs will continue to become more walkable and dense where appropriate, with fewer big-box stores surrounded by parking lots.