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Land Market Monitoring: Beyond Land Supply. Gerrit-Jan Knaap Professor and Director National Center for Smart Growth Research and Education University of Maryland. Monitoring Infrastructure. Points, lines, and polygons The concept of service capacity The concept of capacity consumption.
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Land Market Monitoring: Beyond Land Supply Gerrit-Jan Knaap Professor and Director National Center for Smart Growth Research and Education University of Maryland
Monitoring Infrastructure • Points, lines, and polygons • The concept of service capacity • The concept of capacity consumption
MonitoringSchool Systems and Plans Monitoring School Systems and Plans Leal Elementary School
MonitoringPark Systems and Plans Monitoring Park Systems and Plans King (Neighborhood)Park
MonitoringRoad Systems and Plans Monitoring Road Systems and Plans Lincoln Avenue between Pennsylvania and Florida
Monitoring Residential Land Markets • Population, Acres, Housing units, • Annexations, building permits, zone changes • Days of inventory
Housing Starts, Maryland Counties Sources: Census and National Association of Homebuilders
Housing Starts, Regions Sources: Census and National Association of Homebuilders
Existing Single Family Home Prices, Regions Source: National Association of Homebuilders
New Single Family Home Prices, Regions Source: Census New Residential Sales Index
House Price Index Source: Office of Federal Housing Enterprise Oversight (OFHEO)
Existing Single Family Home Prices, Maryland Counties Sources: Metropolitan Regional Information Systems, Inc. and National Association of Homebuilders
(1) Street Design and Circulation Systems: • Int_Connectivity – ratio of the number of street intersections versus the sum of intersections and cul-de-sacs (Criterion, 1999);
(1) Street Design and Circulation Systems (Continued): • Ext_Connectivity – median distance between Ingress/Egress (access) points in feet (Criterion, 1999);
(1) Street Design and Circulation Systems (Continued): • Blocks_Peri – median value of perimeter of the blocks in a neighborhood; • Blocks – number of blocks divided by number of housing units;
(1) Street Design and Circulation Systems (Continued): • Length_Cul-De-Sac_ St – median value of length of cul-de-sac streets; • Rt_Cul-De-Sac_Units – proportion of housing units that are located by the Cul-De-Sacs in a neighborhood;
(2) Pedestrian Walkability Characteristics: • Ped_Com – percentage of SFR units within walkable distance of commercial uses; • Ped_Transit – percentage of SFR units within walkable distance of transit stations;
(3) Land-use Characteristics: • Mix – actual area of commercial, industrial and public land uses in the neighborhood divided by number of housing units in a neighborhood;
(3) Land-use Characteristics (Continued): • Lot_size – the median value of the area of lot size in square foot in a neighborhood; • Pop_Denisty – the number ofhouseholds divided by the area of the neighborhood; • SFRDU_Density – SFR housing units divided by the area of the neighborhood;
(4) Accessibility Characteristics: • Comdis – distance in feet to the nearest commercial use; • Busdis – distance in feet to the nearest bus station; • Parkdis – distance in feet to the nearest park;
Better Information leads to Better Land Management Decisions • Infrastructure Capacity • Housing Market Indicators • Prices, Starts, Vacancy • Urban Form • Connectivity, Land Use, Density, Accessibility • Better Decisions leads to Better Urban Environments