An affluent community dominated by luxury homes and high-end resorts, Collier County has struggled to meet demand for workforce housing. A ULI Advisory Service program panel recommended practical strategies for addressing this shortage.Read More
The latest research from the Joint Center for Housing Studies of Harvard University, makes a solid case that the U.S. housing market is firmly on the road to recovery. Yet the report also shines a spotlight on the problems still in play, namely insufficient supply and rising costs that are creating challenges for both renters and homebuyers.
According to the Wall Street Journal, the median size of a new single-family home declined for the first time since 2009, slipping 2 percent to 2,422 square feet (225 sq m) in 2016. This is only the third time in the last 20 years that it has fallen, according to U.S. Census Bureau data.
Experts in housing discuss prospects for this year, the preferences of millennial buyers, the importance of providing communities with a strong sense of place, strategies for making homes more affordable, and other trends.
U.S. multifamily rents increased in May for the third month in a row, according to Yardi Matrix’s monthly survey of 121 markets, but the rate of growth continues to decelerate. On a year-over-year basis, U.S. monthly rents were up 1.5 percent nationwide in May. The year-over-year growth rate has decreased for 13 straight months since peaking at 5.4 percent in April 2016.
Developers of master-planned communities (MPCs) must prepare for the next generation of buyers who will be more sophisticated and more discerning because they will come from urban environments, attendees were told at the 2017 ULI Spring Meeting.
Why do cities with the fastest-growing economies—including Seattle, San Francisco, New York City, and Austin–suffer from a growing imbalance between job growth and housing supply? A panel at the ULI 2017 Spring Meeting in Seattle examined why hot-market cities are failing to build enough housing for new workers, often by staggering ratios.
The ULI Terwilliger Center for Housing has announced the finalists for this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award, which honors exemplary developments that ensure housing affordability for people with a range of incomes. The award recognizes efforts by the development community to increase the supply of housing that is affordable to households earning less than 120 percent of the area median income.
Affordable and workforce housing policies and initiatives put in place by the governments of Washington, D.C.; Boston; Denver; and New York City have been selected as finalists for the 2017 ULI Larson Housing Policy Leadership Award
While its sustainable qualities are attracting developers and architects, so are the speed and cost-efficiency with which mass-timber buildings can be delivered to market, noted an expert panel at the recent ULI Washington Real Estate Trends conference, sometimes shaving 30 to 90 days off a construction schedule.