Suburbs

Economists at the Federal Reserve Board have published exhaustive research on Millennial spending patterns and generally find that they are similar to those of other generations (See: “Are Millennials Different?,” by Christopher Kurz, Geng Li, and Daniel J. Vine). The research examines Consumer Expenditure (CE) Survey data and the conclusion is summarized by the authors:  read more »

“Around the world, the vast majority of people are moving to cities not to inhabit their centres but to suburbanise their peripheries. Thus when the United Nations projects the number of future ‘urban’ residents… these figures largely reflect the unprecedented suburban expansion of global cities.”  read more »

Virtually everyone, including Gov. Gavin Newsom, is aware of the severity of California’s housing crisis. The bad news is that most proposals floating in Sacramento are likely to do very little to address our housing shortage.

Newsom has promised to have 3.5 million homes built over the next seven years to solve the problem. That is, conservatively stated, more than 2.6 million that would be built at the current rate of construction.  read more »

In San Francisco, the former site of the Hunters Point shipyard is now being developed with over 10,000 units of housing, 2.6 million square feet of office and R&D space, and about a half million square feet of retail. The project will also include about 75,000 square feet of maker space, or less than 1% of the total building area, most of which will probably go to artisanal firms making food, fashion and furnishing, things like beer, bread and bicycles, sold to the upscale consumers of the region.  read more »

The Trump uprising, with a renegade capitalist serving as the tribune of the forgotten working class, appears headed toward an inevitable denouement. Trump’s intemperance, jingoism and lack of political skills have undermined the GOP’s ability to reach beyond its base in the South, the exurbs and parts of middle America.  read more »

The Dallas-Fort Worth area has experienced stunning growth, however Dallas remains one of the most economically and segregated cities in America. Through eye-opening data and pointed solutions, Cullum Clark argues that Dallas can become a national leader in reviving upward mobility in his essay, "Gentrification in Dallas".  read more »

The Democratic Party’s triumphal romp through suburbia was the big story of the midterms.

In 2016 the suburbs, home to the majority of American voters, voted 50 to 45 for Donald Trump; this year, 52 percent went Democratic.  read more »

A new poll by Sotheby’s International Realty suggests substantial disappointment among Canada’s young urban families, unable to afford to purchase the types of houses that they prefer. The poll determined that young urban households in Canada strongly prefer detached houses, but they are often “motivated by (financial) necessity to purchases houses, especially condominiums, they do not prefer."  read more »

America’s suburbs and exurbs continue to dominate population growth among post-college Millennials, those aged 25 to 34 in the 53 major metropolitan areas. This is indicated by data in the just released 2013/2017 American Community Survey (ACS), which provides a mid-decade snapshot of US demography. With its middle sample year of 2015, the 2013/2017 ACS is most representative of the middle of the decade between the 2010 and 2020 censuses (Note 1).  read more »

In a recent article published in Housing Wire (and in many other places), it was told that Minneapolis will abolish single family housing as part of the Metropolitan Councils 2040 plan. Much of the reason seems to be based on the idea that people in single family homes are discriminating against minorities and the poor, who can only afford apartments, although of course many people of color own homes, or would like to.  read more »