For the better part of 80 years, the dominant type of new construction in the U.S. has been suburban, single-family housing. In a CityLab article from a couple years ago, Richard Florida wrote:
- 60-70% of existing homes are in low-density, suburban areas (less than four homes per acre). Assuming an average household size of 2.54 people, that’s around 10 people/acre. For comparison sake, Manhattan has 112 people/acre.
- 90% of homes built since the 1940s have been in low-density areas.
- In the 2000s, 23.3% of new homes were built in undeveloped areas (aka “greenfield”), 33.2% were in areas with a prior density below one home per acre, and 31.9% were in areas with a prior density between one and four homes per acre.
This development trend is as much a function of the regulatory difficulties of building in cities and their immediate outskirts as it is a viable business model for the suburbs—conditions like high infrastructural costs and taxes, high (personal autos) transit costs, and limited economic opportunity plague many suburbs.
The above are some reasons why suburban poverty growth is far outpacing cities and rural areas. And despite a median sales price of an existing single-family home being a modest $257k, factors like flatlining wages and high rates of debt for both school and auto loans have led to a suburban affordability crisis—evidenced by record low homeownership rates.
This is why any housing solution in America that excludes the suburban, single-family home is incomplete. Here are a couple such solutions that are rocking the suburbs. Continue reading “All the single families (all the single families)”