Density is Victim of the Economy

In Austin, TX, a planned transit-oriented development went bust. The new developer is taking the density down from 1,200 homes to "plus or minus 700."

The American-Statesman spoke with Eldon Rude, the Austin director of Metrostudy, a provider of housing market information, about the development.

"Rude said that although builders are reporting that activity and sales have picked up in the past three months, "the core of demand for housing in our market is still job growth, and we're having minimal job growth at this point."

"Until we get back to stronger job growth numbers, we won't begin to experience significant increases in housing demand," Rude said."

Full Story: Developer plans new community south of Avery Ranch

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.
Woman wearing city map tote bag

City Shoulder Totes - New Cities Added!

Durable CityFabric© shoulder tote bags available from 9 different cities.
$22.00
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95