As population swells, so does the need for housing. A new study from BuildZoom reviews how cities have historically dealt with newcomers, particularly where expansion is skyrocketing to increase housing supply.
- BuildZoom study shows all major cities decreased densification from 1980 to 2010 compared to 1950 to 1980.
- In Las Vegas, where densification dropped the least (down 16.6 percent) and expansion skyrocket by 230.7 percent, real home prices went up just 4.7 percent.
- Expensive cities are showing less sprawl and less densification, yet the economy and demand remained strong.
- Redevelopment could sustain increasing demand while avoiding urban sprawl.