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The Value Of New Urbanism

Posted by: Chris Steins
Thanks to: The Practice of New Urbanism
29 December 2003 - 8:00am

A new study finds interesting contradictions in what Americans are willing to pay to live in new urbanist communities.

"Gerrit Knaap, a co-author of the study, which appears in the Journal of Urban Economics, says home buyers pay a premium for elements like connected street networks, smaller blocks, better pedestrian access to shops and proximity to light rail. But while they're willing to pay a premium to be near these elements, they don't actually want to live in the thick of them." [The link below is available to non-subscribers for the next seven days.]

Full Story: What's New Urbanism Worth?
Source: Wall St. Journal, December 28, 2003
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The following list shows the top 10 metropolitan statistical areas, as defined by the U.S. Office of Management and Budget, where commuting by public transportation has grown the most. None of them are among the nation's top 10 most populous metro areas, and yet seven are within the top 20.
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