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Builders and Developers Face a ‘New Normal’
Jennifer Goodman / ECOBUILDING Pulse / January 31, 2013
New report says consumer housing preferences have changed dramatically since the recession.
After the housing bubble burst in 2008, many areas were hit hard by foreclosures, creating widespread homeownership losses. As the economy continues to recover, one thing is certain: The “old normal” will not return, because consumer preferences are changing.
In a new paper, the Urban Land Institute’s Terwilliger Center for Housing provides insights into how developers are meeting market demands by creating better and more sustainable places to live. “Residential Futures: Thought-Provoking Ideas on What’s Next for Master-Planned Communities” includes the results and analysis of a survey distributed to the institute’s members who specialize in residential development. ECOHOME talks with Terwilliger Center director Lynn Ross about the report and its implications for home building professionals.
What were some of your publication’s important findings or ideas?
What’s interesting about “Residential Futures” is that it is based on moment-in-time responses from a selection of ULI members with deep experience in the master-planned community sector. In some cases, their responses demonstrate agreement and other cases respondents answered the same question with opposing viewpoints. The goal of the project is to present a range of ideas and to, hopefully, generate further discussion about what’s next for residential development.
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