Shift in Consumer Housing Preferences Favors Smart Growth

Consumer preference surveys indicate that total U.S. demand for large-lot, exurban housing will not increase, while demand for small-lot and attached housing in accessible, multi-modal locations will double during the next two decades.
September 3, 2009, 1pm PDT | Tim Halbur
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A new report released by the Victoria Transport Policy Institute suggests that a majority of consumers prefer living in smart growth communities. "Where We Want To Be: Home Location Preferences And Their Implications For Smart Growth" (www.vtpi.org/sgcp.pdf) indicates that the existing stock of large-lot, exurban homes is sufficient to satisfy market demand for the next two decades, but the number of small-lot and attached housing in accessible locations with multi-modal transportation systems must approximately double to meet consumer needs.

Thanks to Todd Litman

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Published on Thursday, September 3, 2009 in Victoria Transport Policy Institute
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