Housing

The just released 9th Annual Demographia Housing Affordability Survey (pdf) indicates that housing affordability has deteriorated modestly in the last year. A number of major metropolitan areas remain severely unaffordable.

Highlights: Metropolitan Areas

Among the 337 Metropolitan markets analyzed, Hong Kong remained the most unaffordable, with a median multiple (median house price divided by pre-tax median household income) of 13.5, up nearly a full point from last year's 12.6.  read more »

Progressives may be a lot less religious  than conservatives, but these days they have reason to think that Providence– or Gaia — has taken on a bluish hue.

From the solid re-election of President Obama, to a host of demographic and social trends, the progressives seem poised to achieve what Ruy Texeira predicted a decade ago:  an “emerging Democratic majority”.

Virtually all the groups that backed Obama — singles, millennials, Hispanics, Asians — are all growing bigger while many of the core Republican groups, such as evangelicals  and intact families, appear in secular decline.  read more »

How we, as a nation, find bounty and beauty in the future depends upon how we react to two trends emerging from the recent difficult period in American urbanism. The first of these trends is the increasing lack of affordability in mainstream urban America, with the costs of maintaining a middle-class lifestyle at a level where distinct have/have-not lines are now drawn. The second is the increasing authoritarianism in mainstream urban America, where decisions about how our cities function are guided by a new array of authority figures that represent the common good.  read more »

Hong Kong is a city of superlatives. Hong Kong has at least twice the population density of any other urban area in the more developed world, at 67,000 per square mile or 25,900 per square kilometer. The Hong Kong skyline is rated the world's best by both emporis.com (a building database) and diserio.com, which use substantially different criteria.  read more »

This is the story of how elites prospered while killing the singular trend that built America, and all that you proles got in return was a dysfunctional housing market. In a reversal of more than 100 years of American history, the unique force that built the United States and the wealth of its inhabitants – geographic convergence – has been stopped.  read more »

Recent data from a survey commissioned by Better Homes and Garden Real Estate (BHGRE) suggests a pent up desire among 18-35 year olds to own a home of their own that could easily fuel a real estate boom for at least the rest of this decade.   read more »

For some time, many in the urban planning community have been proclaiming a "sea-change" in household preferences away from suburban housing in the United States.

Perhaps no one is more identified with the "sea-change" thesis than Arthur C. Nelson, Presidential Professor, City & Metropolitan Planning, University of Utah. Professor Nelson has provided detailed modeled market estimates for California in a paper published by the Urban Land Institute, entitled The New California Dream: How Demographic and Economic Trends May Shape the Housing Market: A Land Use Scenario for 2020 and 2035 (He had made generally similar points in a Journal of the American Planning Association article in 2006).  read more »

We can't afford outmoded attitudes in housing development anymore - not as businesses, not as citizens, and certainly not as development professionals. As development consultants, we're often asked to provide detailed input on project design and the marketing of developments throughout the United States and Canada. We usually work with a local team of engineering consultants that provides construction drawings and serves as an intermediary for the project with local governments.  read more »

Addis Abeba is the capital of Ethiopia and calls itself the "diplomatic capital" of Africa, by virtue of the fact that the African Union is located here. Yet Ethiopia is still one of the most rural nations in both Africa and the world. Ethiopia also appears to be among the most tolerant. Various forms of Christianity claim account for approximately 65 percent of the population, with the Ethiopian Orthodox Church (Coptic) holding the dominant share. At the same time there is a sizable Muslim minority, at more than 30 percent of the population.  read more »

After the financial crisis of 2008, much of Great Britain's construction industry capacity was wiped out. Now, in 2012, there is much fear that the “traditional” construction industry is too weak to rapidly increase the rate of housing production, even if the administrative planning system wanted it to. Which it doesn’t.  read more »