![Page 1: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/1.jpg)
Growing Preferences For Higher Density Growing Preferences For Higher Density Residential EnvironmentsResidential Environments
Growing Preferences For Higher Density Growing Preferences For Higher Density Residential EnvironmentsResidential Environments
DOWELL MYERS
School of Policy, Planning, and Development
the boom ahead
![Page 2: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/2.jpg)
RESEARCH SUPPORTED BY THE FUNDERS NETWORK RESEARCH SUPPORTED BY THE FUNDERS NETWORK FOR SMART GROWTH AND LIVABILITYFOR SMART GROWTH AND LIVABILITY
RESEARCH SUPPORTED BY THE FUNDERS NETWORK RESEARCH SUPPORTED BY THE FUNDERS NETWORK FOR SMART GROWTH AND LIVABILITYFOR SMART GROWTH AND LIVABILITY
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
Contributing researchersContributing researchers
Elizabeth Gearin
Ajay Garde
Tridib Banerjee
Dowell Myers
![Page 3: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/3.jpg)
Boom in Higher Density Preference?Boom in Higher Density Preference?Boom in Higher Density Preference?Boom in Higher Density Preference?
Many trends support expanded preferencesin future for more central, urban residence
Current preference for compact residential choices rises sharply with age
The Baby Boom generation is crossing age 45 and dominates growth in other age groups
Dowell MyersUSC School of Policy, Planning, and Development
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 4: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/4.jpg)
Conventional Beliefs of Housing PreferencesConventional Beliefs of Housing PreferencesConventional Beliefs of Housing PreferencesConventional Beliefs of Housing Preferences
American housing consumers favor a housing product that satisfies five major criteria:
Dowell MyersUSC School of Policy, Planning, and Development
suburban fringe location
single-family detached unit style
location within a low-density neighborhood
ease of automobile use, including driving
and parking
and lowest cost given these criteria
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 5: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/5.jpg)
Dowell MyersUSC School of Policy, Planning, and Development
really?
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 6: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/6.jpg)
General Trends Toward More Compact General Trends Toward More Compact Residential PreferencesResidential Preferences
General Trends Toward More Compact General Trends Toward More Compact Residential PreferencesResidential Preferences
Mounting Traffic Congestion
Decreased Crime
Rising Immigration and Enhanced Urban Vitality
Growth of Café Culture
Fashionable Design of Higher-Density for the Middle Class
Positive Examples Created by Growing Densification
Dowell MyersUSC School of Policy, Planning, and Development
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 7: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/7.jpg)
How to Measure Current Preferences for More Compact Residence?
Dowell MyersUSC School of Policy, Planning, and Development
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 8: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/8.jpg)
Dowell MyersUSC School of Policy, Planning, and Development
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
84%
74%
47%
42%
32%
0% 20% 40% 60% 80% 100%
Prefer single family (SF) detachedhome
Small SF, but with short commute
Dense SF, but with parks&greenbelt
Suburb SF w/backyard but longcommute
Condo/Apt--walk to shops and transit
California Housing Preferences, 2001California Housing Preferences, 2001California Housing Preferences, 2001California Housing Preferences, 2001
Source: PPIC Special Survey on Land Use Issues, October 2001
![Page 9: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/9.jpg)
The NAHB Trade-Off QuestionThe NAHB Trade-Off QuestionThe NAHB Trade-Off QuestionThe NAHB Trade-Off Question
Consider the following hypothetical choice:
Your income is high enough to purchase a $150,000 home.
You have two options:
Dowell MyersUSC School of Policy, Planning, and Development
buying a $150,000 townhouse in an urban settingclose to public transportation, work and shopping.
Or, you could purchase a larger, detached single-family home in a suburban area, with longer commutes to work.
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 10: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/10.jpg)
Percent Preferring a Townhouse in the CityPercent Preferring a Townhouse in the CityPercent Preferring a Townhouse in the CityPercent Preferring a Townhouse in the City
Dowell MyersUSC School of Policy, Planning, and Development
Percent Preferring a Townhouse in the City
0
5
10
15
20
25
30
25-34 35-44 45-54 55+
Age GroupNAHB, 1999
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 11: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/11.jpg)
Percent Calling Factor Very Important Percent Calling Factor Very Important if Buying a Home Todayif Buying a Home Today
Percent Calling Factor Very Important Percent Calling Factor Very Important if Buying a Home Todayif Buying a Home Today
Dowell MyersUSC School of Policy, Planning, and Development
Percent Calling Factor Very Important if Buying a Home Today
0
10
20
30
40
50
60
70
80
90
25-34 35-44 45-54 55+
Age Group
Crime Rate
School District
HighwayAccess
Location toShopping
PublicTransportation
NAHB, 1999
Percent Calling Factor Very Important if Buying a Home Today
0
10
20
30
40
50
60
70
80
90
25-34 35-44 45-54 55+
Age Group
Crime Rate
School District
HighwayAccess
Location toShopping
PublicTransportation
NAHB, 1999
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 12: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/12.jpg)
Growth in Mover HouseholdsGrowth in Mover HouseholdsWho Own After Move, 1990-2010Who Own After Move, 1990-2010
Dowell MyersUSC School of Policy, Planning, and Development
-800,000
-600,000
-400,000
-200,000
0
200,000
400,000
600,000
800,000
15-24 25-34 35-44 45-54 55-64 65-74 75+
1990-95
1995-00
2000-05
2005-10
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 13: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/13.jpg)
Dowell MyersUSC School of Policy, Planning, and Development
bottom line
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 14: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/14.jpg)
Combining These FactorsCombining These Factors
Dowell MyersUSC School of Policy, Planning, and Development
Current Preferences by Agex
Aging Baby Boomers
=
Conservative Estimate of New Demand
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 15: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/15.jpg)
……And if Current Preferences ExpandAnd if Current Preferences Expand
Dowell MyersUSC School of Policy, Planning, and Development
General Trendx
Current Preference by Agex
Aging Baby Boomers
=
Expanded Estimate of New Demand
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 16: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/16.jpg)
Annual Growth in Active Mover Home BuyersAnnual Growth in Active Mover Home Buyers
Dowell MyersUSC School of Policy, Planning, and Development
–10,000
0
10,000
20,000
30,000
40,000
50,000
1990-2000 2000-2010 Ex 2000-2010
Prefer Non-compact
Age 45+ Prefer Compact
Under Age 45Prefer Compact
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
![Page 17: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/17.jpg)
Dowell MyersUSC School of Policy, Planning, and Development
Minority Dictatorship of New ConstructionMinority Dictatorship of New Construction
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD
Households who dictate new construction
Everyone else living in existing housing
![Page 18: Growing Preferences For Higher Density Residential Environments](https://reader035.vdocument.in/reader035/viewer/2022072014/56812d5a550346895d9260e0/html5/thumbnails/18.jpg)
For more information ....For more information ....
Forthcoming article:Forthcoming article:
"Current Preferences and Future Demand for "Current Preferences and Future Demand for Denser Residential Environments," Denser Residential Environments,"
Housing Policy DebateHousing Policy Debate
Fall 2001 (Dowell Myers and Elizabeth Gearin)Fall 2001 (Dowell Myers and Elizabeth Gearin)
Dowell Myers web site:http://www-rcf.usc.edu/~dowell/
HIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCESHIGHER DENSITY PREFERENCES THE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEADTHE BOOM AHEAD