<p>Early buyers in new housing developments are finding themselves stranded in virtual ghost towns as developers go belly up.</p>
"Since real-estate tanked, many new planned communities across the country are half-empty, with for-sale signs outnumbering residents by a large margin.
Some of the projects abandoned by bankrupt developers are in places that were hotbeds of new housing construction: Southern California, Atlanta, Las Vegas, Phoenix. As of July, the percentage of vacant housing stock available for sale or rent stood at 4.8 percent nationally, the highest figure in at least 33 years, according to Zelman & Associates, a real-estate research firm.
Daily life in these developments seems a bit post-cataclysmic. Children play on elaborate but empty playgrounds. They walk their dogs past rows of shiny houses that have never been lived in. Voices echo up and down the block. Unfinished houses and vacant lots strewn with construction debris clutter the horizon."
Phase 1 Revealed for $20 Billion Chicago Megaproject
Plans for One Central, a proposed megadevelopment that would add 22.3 million square feet of buildings to the city of Chicago, are taking shape.
Top Websites for Urban Planning – 2021
Planetizen's annual list of the best of the urban planning Internet.
Survey: What Mobile Apps Are Most Useful for Planning in 2021?
Planetizen is requesting your input in creating the definitive list of mobile apps for professional, student, academic, or citizen planners—updated for a planning profession forever altered by the Covid-19 pandemic.
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