Places with a lot of Millennials are building homes, just not enough to keep pace with the large number of Millennials coming of homebuying age.
"Homebuilders aren’t building enough for millennials," according to an article by Diana Olick.
Millennials are expected to be the "largest single cohort of homebuyers" by next, but the nation’s homebuilders are not building enough housing to keep up with demand in millennial-dense counties, according to data from the National Association of Home Builders’ Home Building Geography Index and shared here by Olick.
"Millennial counties are of course in big markets like Seattle, Boston, Portland, Oregon, and Washington, D.C., but also in rural parts of Ohio, Kansas and Missouri. Homebuilding is still nowhere near its historical levels, nevermind today’s very strong demand."
Higher costs for land and labor, as well as regulatory compliance, are blamed for the sluggish performance of the homebuilding industries.
FULL STORY: Homebuilders aren’t keeping up with millennials
South Texas Home Builders Say “There’s no Labor” After ICE Raids
Construction is slowing as immigration detentions have a chilling effect on the labor market.
Post-Pandemic Home Building Trends: More Bedrooms, Smaller Homes
U.S. homes are adding bedrooms while getting smaller, according to two seemingly contradictory articles published on the same day from different data sources earlier this month.
Housing Construction More and More Frequently the Product of Two Companies
The history of U.S. housing construction has traditionally been the story of many companies building a few homes a year. Now two companies alone are out-building the rest of the top ten homebuilders combined.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
New Jersey’s second-largest city bans standalone data centers
Jersey City will continue to allow co-location facilities, such as those meant for research institutions that store their own data.
Amtrak not solely to blame for New Jersey commuter rail's unreliability, report finds
A new study from the Garden State Initiative found that NJ Transit’s budget grew 20% across a 4 year period, but reliability declined significantly over the same period.
EPA erases limits on planet-warming pollution from power plants
Under Monday’s plan, power plants would still have some limits on how much mercury, arsenic and other contaminants they can emit.
Phoenix announces new on-demand transit service, more frequent RAPID buses
Both new services will launch in October, and are part of Phoenix's Project Effective Access Solutions for Easing Congestion.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association