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
Tags: 

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 $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from six cities with red or blue trim.
$55.00
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00