An editorial from John McManus at Big Builder Online says that the downturn in the economy is pushing developers to break out of the single-family housing box and experiment with mixed-use.
McManus takes a look at the economic outlook for the construction business over the next 1-2 years and concludes that the market will stay down. However, the more adventurous, he says, will try multifamily housing:
"Most home builders have steered clear of multifamily businesses because the financial modeling and capital structures necessary are entirely different. But considering the fact that investors are clamoring to put smart capital to work in multifamily, and at least some builders have the skill sets or the adaptability to play in that real estate and construction game, it's perhaps time we'll see some builders who've coveted a multifamily operations unit--Toll Brothers, for instance--at least give it a hard look."
Read the full story: Will Single-Family Players Sit Back as the Multifamily Opportunity Takes Shape?
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Northwest rail fans eager for Sept. 30 debut of Amtrak’s Airo fleet
Get ready for that new train smell and more seats. But they won’t go faster or run more frequently on the Cascades route in Washington and Oregon.
NYC to turn city-owned property into thousands of homes
The city has scheduled a public hearing regarding the development for October.
Buses travel at 5mph along this route in NYC. The Bronx's first-ever busway looks to change that
Prior to the busway, buses on the Bx36 route traveled as slowly as 5 miles per hour.
Pittsburg launches 'EZ permits,' aims for one-day turnaround for low-risk permits
The pilot ‘fast lane’ for permits is part of a bundle of modernization efforts for Pittsburg’s permitting process.
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.
City of Thousand Oaks
City of Wisconsin Rapids
Harvard University Graduate School of Design
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello