Economy, Market & Trends
The latest issue is now available for download in the Urban Landapp. The cover package for this issue is titled “Water: Recreation, Refreshment, Resilience.” Other topics include the following: “ShanghaiTech: A ‘Silicon Valley’ for China,” “Resilience: Taming Golf’s Thirst,” and “Peter Calthorpe: China’s Urban Design Revolution.”
Small apartment buildings are often overlooked or underserved by housing policy and traditional housing and commercial real estate finance mechanisms. Because this housing type is so prevalent in New England and important in the state’s housing stock, the Connecticut Housing Finance Authority has created a three-pronged program to address rental needs at a scale that works for the state’s smaller communities.
Panelists at the recent ULI Housing Opportunity Conference discussed the impediments to low- to moderate-income wage earners achieving homeownership, saying that most large lenders and many regional and smaller lenders have lost their ability to originate layered mortgages, due to the increased complexity of the new regulatory environment.
In February, Enterprise Community Partners unveiled an ambitious policy platform that is intended to improve the lives and outcomes of housing-insecure families.
Mitigating the population issues facing Japan, and further developing its cities to meet the demands of the future, were discussed by panelists at the recent ULI Japan Spring Conference in Tokyo. Takeshi Natsuno, professor at the Keio University school of media and governance, said Japan’s government should cease spending in areas without a certain density of population.
Japan welcomed just under 20 million visitors last year and is targeting 40 million arrivals by 2020, the year Tokyo holds the Summer Olympics. ULI members attending the event at the Tokyo Midtown conference center heard that the Japanese government is having trouble keeping up with the pace of change in the tourism industry. For example, due to licensing requirements, 99 percent of Airbnb apartment owners in Japan are breaking the law.
Speaking at the ULI Spring Meeting in Philadelphia, William McNabb, chairman and CEO of Vanguard, shares his thoughts on systemic risk for financial institutions, two-factor authentication, and what keeps him up at night.
What millennials will do once they marry and have children, a restrictive lending environment, and flat income growth were among the topics discussed at the third annual Butcher Forum, an invitation-only gathering in April of the top executives who represent the multifamily housing industry in the United States.
Everyone’s talking about “what’s next” in terms of emerging urban neighborhoods, where property values can surge very rapidly. But why do some districts emerge seemingly out of nowhere? How can developers and investors find the next one?
When Americans are increasingly growing accustomed to ordering paper towels on Amazon Prime instead of going to Costco and summoning Uber rides on their phones rather than hailing cabs, on-demand services and instant gratification are quickly becoming the new normal.