Subdivisions go urban as housing market changes
USA Today – May 15, 2012
“It’s the kids (ages 18 to 32), the empty nesters (Baby Boomers with no kids at home),” says Chris Leinberger, president of Smart Growth America’s LOCUS (Latin for “place”), a national coalition of real estate developers and investors who support urban developments that encourage walking over driving. “These two generations combined are more than half of the American population.”
Housing’s Future: Renting and Downsizing
Wall Street Journal’s Real Time Economics blog – May 15, 2012
Be it ever so humble, there’s no place like a rented apartment. That may be the mantra of U.S. households for the next three years, according to a new study released Tuesday by the Demand Institute division of the U.S. Conference Board. Most Americans still hope to own a home, the study found — but that home will be smaller than the MacMansions of the housing boom.
San Jose City Council OKs developer incentives to build downtown apartment high rises
San Jose Mercury News (CA) – May 15, 2012
To bring more workers to San Jose, the City Council in January enticed developers with fee and tax waivers to fill or build office space. Now, the council wants to lure more people to live downtown — even though it means giving residential developers millions in tax breaks and other fees to do so.