Here's a trillion dollar real estate market on the coasts of the United States—and it's building itself into rising levels of risk.

"In many coastal states, flood-prone areas have seen the highest rates of home construction since 2010," reports Christopher Flavelle.
That statistic is one of the findings of a new report by Climate Central, which "looked at the 10-year flood risk zone — the area with a 10 percent chance of flooding in any given year — and estimated the zone’s size in 2050."
Researchers used Zillow then to count how many homes had been built in that zone since 2010, using data from Zillow.
"For eight states, including Connecticut, Rhode Island, Mississippi and South Carolina, the percentage increase in homes built in the flood zone exceeded the rate of increase in the rest of the state," according to Flavelle.
FULL STORY: Homes Are Being Built the Fastest in Many Flood-Prone Areas, Study Finds

San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.

HUD Announces Plan to Build Housing on Public Lands
The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.

Florida Considers Legalizing ADUs
Current state law allows — but doesn’t require — cities to permit accessory dwelling units in single-family residential neighborhoods.

Detroit Transit Agency Requests $20M Budget Increase
The Detroit Department of Transportation wants to boost ridership by hiring more drivers, buying new buses, and enhancing station infrastructure.

California Bill Aims to Boost TOD
A bill proposed by Sen. Scott Wiener would exempt transit agencies from zoning rules near ‘high-quality’ transit stops and allow denser transit-oriented development.

Report: One-Fifth of Seattle Households Are Car-Free
According to one local writer, the city’s low rate of car ownership should encourage officials to support public transit and reduce parking minimums.
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