• Home
  • Contact Us
  • Our Team
Sunday, February 5, 2023
Unique Homes
  • For Sale
  • Blog
    • News
    • Lifestyles
    • Locations
    • Features
  • Magazines
    • Unique Homes
    • Homes & Estates
    • Keller Williams Luxury
    • Luxury Collection of Florida
    • Luxury Portfolio International
    • Luxury Real Estate
    • Prestige
    • Unique Homes China
    • Distinctive Properties
    • Domain
  • The High End
    • The High End
  • Homes
  • Agents
  • Contact Us
    • Our Team
    • Advertise With Us
    • Subscribe
No Result
View All Result
Unique Homes
  • For Sale
  • Blog
    • News
    • Lifestyles
    • Locations
    • Features
  • Magazines
    • Unique Homes
    • Homes & Estates
    • Keller Williams Luxury
    • Luxury Collection of Florida
    • Luxury Portfolio International
    • Luxury Real Estate
    • Prestige
    • Unique Homes China
    • Distinctive Properties
    • Domain
  • The High End
    • The High End
  • Homes
  • Agents
  • Contact Us
    • Our Team
    • Advertise With Us
    • Subscribe
No Result
View All Result
Unique Homes
No Result
View All Result

ULI Reports Consumer Demands Will Keep U.S. Suburbs Thriving

by Kristen Ordonez
January 16, 2017
0
ULI Reports Consumer Demands Will Keep U.S. Suburbs Thriving
Share on FacebookShare on Twitter

According to a new publication from the Urban Land Institute (ULI), suburban housing markets across the United States are evolving rapidly and overall remain well-positioned to maintain their relevance in the years ahead as the places where most Americans live and work, even as many urban cores and downtown neighborhoods continue to attract new residents and businesses.

The report, Housing in the Evolving American Suburb, was developed by RCLCO for ULI Terwilliger Center for Housing and provides a new analytic framework that describes different kinds of suburbs based on the key factors that define and determine their housing markets.

The report classifies and compares suburbs in the 50 largest metro areas in the U.S. and “provides a more nuanced view of the demographic and economic trends that affect each type of suburb and to understand how they vary among different types of metro areas.”

“What’s happening in America’s urban places is very exciting and important, but this report pulls back the lens and presents a much broader view and a better framework for understanding where people actually live in this country,” says Adam Ducker, managing director at RCLCO. “The suburbs have evolved far beyond the monolithic bedroom community of our imagination, and this report is the first to deal with them fully, and on their own terms, in a long time.”

Photos courtesy Urban Land Institute

The report identified development trends in five distinct types of suburbs within the 50 largest metro areas: Established High-End, Stable Middle-Income, Economically Challenged, Greenfield Lifestyle and Greenfield Value. The types range when it comes to home value, location, population and levels of development.

Certain aspects of these different types of suburbs came to light through key observations. For example, because millennials are known for needing affordability, they are more attracted to economically challenged and greenfield value suburbs, which the lowest housing costs of the five types. Both greenfield lifestyle and greenfield value suburbs have the highest homeownership rates are more skewed toward detached housing. It was also found that stable middle-income established high-end and economically challenged suburbs account for 72 percent of suburban housing built between 2000 and 2015.

Key observations about the findings overall concluded that America remains a largely suburban nation as they account for 79 percent of the population, 78 percent of the households, 32 percent of the land area and 75 percent of young adults aged 25 to 35. This majority is largely due to the 91 percent growth in population that occurred in suburban areas from 2000-2015.

This along with job growth, diversity, higher incomes and larger populations of youth are just a few reasons how suburban communities have evolved to become so stable and valuable in real estate today.

While the ascendancy of American suburbs starting after World War II came largely at the expense of cities, the recent revitalization of urban centers is in many cases complementary to the continued strength of their suburbs, according to Stockton Williams, executive director of Terwilliger Center.

“Suburban housing dynamics increasingly reflect some of the most profound issues shaping our society, including aging, immigration, economic mobility and evolving consumer preferences,” says Williams. “As a result, suburbs will generate substantial residential development and redevelopment opportunities and challenges in the years ahead.”

The report points out that even as urban revitalization continues, with some suburbs becoming more closely integrated with their city cores, a large number of suburban areas remain distinct enough to warrant analysis in their own right. ULI engaged RCLCO to conduct the analysis and generate actionable information for business leaders and local officials that could help shape the future of American suburbs.

“The capacity of American suburbs to evolve with the economic and demographic transformations the country is experiencing will be one of the central real estate and land use issues of the 21st century,” says Williams.

Tags: high-endhousinglifestyleLuxury Livingmetropolitansuburban homessuburbsurbanUrban Land Institute
Kristen Ordonez

Kristen Ordonez

Related Posts

Kim Kardashian purchases $70.4 Million Malibu Mansion formerly owned by Cindy Crawford
Lifestyles

Kim Kardashian purchases $70.4 Million Malibu Mansion formerly owned by Cindy Crawford

December 13, 2022
Arsht Estate Sold
Fabulous Florida

The Arsht Estate, Cover Property from the Summer 2022 Prestige Magazine, Sold!

September 30, 2022
Mariah Carey's Estate
Luxury Property

Superstar Mariah Carey’s Atlanta Home Hits the Market for $6.5 Million

September 15, 2022
Design

Car-Free Communities

December 14, 2021
Company Spotlight

Custom Gulf-front Home in Casey Key, Florida up for Auction

February 18, 2021
Under Pressure
Destinations

Under Pressure

January 13, 2021
Next Post
Beverly Hills Estate Listed for $12.45 Million

Beverly Hills Estate Listed for $12.45 Million

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

Cozy Cottagecore

Cozy Cottagecore

January 27, 2023
Outside the Bag

Outside the Bag

January 13, 2023
Celebrity Estates on Unique Homes

Celebrity Estates on Unique Homes

January 10, 2023
Kim Kardashian purchases $70.4 Million Malibu Mansion formerly owned by Cindy Crawford

Kim Kardashian purchases $70.4 Million Malibu Mansion formerly owned by Cindy Crawford

December 13, 2022
Less is More

Less is More

December 2, 2022

Category

  • Ads (48)
  • Agent Spotlight (39)
  • Agents (63)
  • Art (27)
  • Decor (70)
  • Design (116)
  • Destinations (63)
  • Fabulous Florida (6)
  • Fashion (9)
  • Featured Property (66)
  • Features (244)
  • Food (5)
  • Furniture (2)
  • Gift (11)
  • Gift guide (5)
  • Inspiration (4)
  • Lifestyles (398)
  • Locations (504)
  • Luxury Property (39)
  • News (625)
  • Press Release (18)
  • Property Spotlight (69)
  • Real Estate News (37)
  • Showcase Homes (55)
  • Ultimate Properties (5)
  • Uncategorized (112)
  • Waterfront Properties (17)
  • Wellness (7)
  • Home
  • Contact Us
  • Our Team
Call us: 1-833-928-9020

© 2022 Copyright by UniqueHomes.com™. All rights reserved. - Privacy Policy

No Result
View All Result
  • For Sale
  • Blog
    • News
    • Lifestyles
    • Locations
    • Features
  • Magazines
    • Unique Homes
    • Homes & Estates
    • Keller Williams Luxury
    • Luxury Collection of Florida
    • Luxury Portfolio International
    • Luxury Real Estate
    • Prestige
    • Unique Homes China
    • Distinctive Properties
    • Domain
  • The High End
    • The High End
  • Homes
  • Agents
  • Contact Us
    • Our Team
    • Advertise With Us
    • Subscribe

© 2022 Copyright by UniqueHomes.com™. All rights reserved. - Privacy Policy