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Growing Preferences For Higher Density Residential Environments

Growing Preferences For Higher Density Residential Environments. the boom ahead. DOWELL MYERS School of Policy, Planning, and Development. HIGHER DENSITY PREFERENCES. THE BOOM AHEAD. RESEARCH SUPPORTED BY THE FUNDERS NETWORK FOR SMART GROWTH AND LIVABILITY. Contributing researchers

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Growing Preferences For Higher Density Residential Environments

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  1. Growing Preferences For Higher Density Residential Environments the boom ahead DOWELL MYERS School of Policy, Planning, and Development

  2. HIGHER DENSITY PREFERENCES THE BOOM AHEAD RESEARCH SUPPORTED BY THE FUNDERS NETWORK FOR SMART GROWTH AND LIVABILITY Contributing researchers Elizabeth Gearin Ajay Garde Tridib Banerjee Dowell Myers

  3. HIGHER DENSITY PREFERENCES THE BOOM AHEAD Boom in Higher Density Preference? Many trends support expanded preferencesin futurefor more central, urban residence Current preference for compact residential choices rises sharply with age The Baby Boom generation is crossing age 45 and dominates growth in other age groups Dowell Myers USC School of Policy, Planning, and Development

  4. HIGHER DENSITY PREFERENCES THE BOOM AHEAD Conventional Beliefs of Housing Preferences American housing consumers favor a housing product that satisfies five major criteria: suburban fringe location single-family detached unit stylelocation within a low-density neighborhood ease of automobile use, including driving and parkingand lowest cost given these criteria Dowell Myers USC School of Policy, Planning, and Development

  5. HIGHER DENSITY PREFERENCES THE BOOM AHEAD really? Dowell Myers USC School of Policy, Planning, and Development

  6. HIGHER DENSITY PREFERENCES THE BOOM AHEAD General Trends Toward More Compact Residential Preferences Mounting Traffic Congestion   Decreased Crime Rising Immigration and Enhanced Urban Vitality Growth of Café Culture Fashionable Design of Higher-Density for the Middle Class Positive Examples Created by Growing Densification Dowell Myers USC School of Policy, Planning, and Development

  7. HIGHER DENSITY PREFERENCES THE BOOM AHEAD How to Measure Current Preferences for More Compact Residence? Dowell Myers USC School of Policy, Planning, and Development

  8. HIGHER DENSITY PREFERENCES THE BOOM AHEAD California Housing Preferences, 2001 Dowell Myers USC School of Policy, Planning, and Development Source: PPIC Special Survey on Land Use Issues, October 2001

  9. HIGHER DENSITY PREFERENCES THE BOOM AHEAD The NAHB Trade-Off Question Consider the following hypothetical choice: Your income is high enough to purchase a $150,000 home. You have two options: buying a $150,000 townhouse in an urban settingclose to public transportation, work and shopping. Or, you could purchase a larger, detached single-family home in a suburban area, with longer commutes to work. DowellMyers USC School of Policy, Planning, and Development

  10. HIGHER DENSITY PREFERENCES THE BOOM AHEAD Percent Preferring a Townhouse in the City DowellMyers USC School of Policy, Planning, and Development

  11. HIGHER DENSITY PREFERENCES THE BOOM AHEAD Percent Calling Factor Very Important if Buying a Home Today DowellMyers USC School of Policy, Planning, and Development

  12. HIGHER DENSITY PREFERENCES THE BOOM AHEAD Growth in Mover HouseholdsWho Own After Move, 1990-2010 DowellMyers USC School of Policy, Planning, and Development

  13. HIGHER DENSITY PREFERENCES THE BOOM AHEAD bottom line Dowell Myers USC School of Policy, Planning, and Development

  14. HIGHER DENSITY PREFERENCES THE BOOM AHEAD Combining These Factors Current Preferences by AgexAging Baby Boomers = Conservative Estimate of New Demand Dowell Myers USC School of Policy, Planning, and Development

  15. HIGHER DENSITY PREFERENCES THE BOOM AHEAD …And if Current Preferences Expand General TrendxCurrent Preference by AgexAging Baby Boomers = Expanded Estimate of New Demand Dowell Myers USC School of Policy, Planning, and Development

  16. HIGHER DENSITY PREFERENCES THE BOOM AHEAD Annual Growth in Active Mover Home Buyers DowellMyers USC School of Policy, Planning, and Development

  17. HIGHER DENSITY PREFERENCES THE BOOM AHEAD Minority Dictatorship of New Construction Everyone else living in existing housing Households who dictate new construction Dowell Myers USC School of Policy, Planning, and Development

  18. HIGHER DENSITY PREFERENCES THE BOOM AHEAD For more information .... Forthcoming article: "Current Preferences and Future Demand for Denser Residential Environments," Housing Policy Debate Fall 2001 (Dowell Myers and Elizabeth Gearin) Dowell Myers web site: http://www-rcf.usc.edu/~dowell/

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