How Suburban Sprawl’s Single-Family Home Destination Plan Limits Housing Supply

The suburbs of America have expanded again.

Last year, the cost of housing for single-family homes rose to $ 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, options for prospective homebuyers remain unpaid.

Experts say America’s housing market problems are related to previous policy decisions. In particular, they say restrictive destination codes restrict housing supply. These codes are based on 1930s Federal Housing Administration guidelines for mortgage lending. That includes “no sidewalks and winding dead streets,” according to Ben Ross, author of “Dead End: Suburban Sprawl and the Rebirth of American Urbanism.”

Ross and others believe more needs to be done to manage housing development. Ross lives in Montgomery County, Maryland, which recently changed its destination code to bring more population densities to the area. The province did not have many alternative options – 85% of arable land is already developed.

Strict zoning laws favoring single-family homes have limited the supply of land available for multi-family construction and hindered the production of more affordable housing. With land limited for multi-family projects, the price of that land has jumped and made those projects unaffordable for builders.

Today’s homebuyers are paying for the spread of the past by taking out loans to finance their lifestyle. Meanwhile, the cost of maintaining public infrastructure is weighing on depopulation of cities across the country.

How else do suburban sprawl shape the American economy? Watch the video above to find out.


Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/rvpgmedi/public_html/wp-includes/functions.php on line 5275