Thursday, May 19, 2011

The Future of the Housing Market

One of the Growth Management Principles on which the plan is being organized is Expansion of Housing Opportunities and Design Choices in a Variety of Housing Types.

Today's housing market is changing rapidly. Demographers and market analysts are saying an aging and diversifying population, fewer traditional family households, lower homeownership rates and increasing household size coupled with demands for smaller unit size, quality rental housing options and housing close to transit, shopping and services will drive the future market. Many 2020 participants have pointed to the diversity of housing in Manchester as one of the town's strengths. A common theme was the desire to revitalize commercial and transportation nodes and corridors with a mix of housing and other uses. Manchester 2020 will be asking: How can we take advantage of both our current assets and these future trends? See the links below for two recent reports on demographic and the coming housing market.

This article: Part 1, Part 2, slideshow summary highlights demographic and economic trends driving the housing market.

This report from the Urban Land Institute on multifamily housing highlights some of the community, economic and environmental benefits of quality multifamily housing.

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