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Compact Is Cheaper
Pat Curry. Builder. Washington: Feb 2006. Vol. 29, Iss. 2; pg. 44, 1 pgs

Abstract (Summary)

Urban sprawl costs Americans $34 million a day, according to a new book that reports on a 10-year study into the economic costs of spreading out. Additionally, another new study debunks a common statement that policies to control sprawl drive up housing costs. Sprawl Costs: Economic Impacts of Unchecked Development, produced by a team of veteran researchers, offers the first comprehensive analysis of the cost of low-density development. The second new study, "Does a More Centralized Urban Form Raise Housing Prices?", focuses its attention on housing costs related to higher-density development.

Full Text

 
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Copyright Hanley-Wood, Incorporated Feb 2006

[Headnote]
DEVELOPMENT COSTS

[Headnote]
Researchers attach a dollar cost to sprawl.

URBAN SPRAWL COSTS AMERICANS $34 MILLION a day, according to a new book that reports on a 10-year study into the economic costs of spreading out. Additionally, another new study debunks a common statement that policies to control sprawl drive up housing costs.

Sprawl Costs: Economic Impacts of Unchecked Development, produced by a team of veteran researchers, offers the first comprehensive analysis of the cost of lowdensity development. If even 25 percent of growth shifts from traditional sprawl to compact development adjacent to existing structures, development costs would drop by $420 billion, says co-author Barbara McCann. That's primarily from building attached housing-townhouses and condos-that are less expensive to build than detached housing and because less infrastructure would need to be created.

Not only would it save money, it would give home buyers a desirable housing option that is currently lacking.

"We like to talk about people having choices, but we're very far from where most Americans have a real choice," McCann says.

The second new study, "Does a More Centralized Urban Form Raise Housing Prices?", focuses its attention on housing costs related to higher-density development. "The mantra chanted is that if you pursue smart growth, it's probably going to raise housing prices," says Robert Wassmer, professor of public policy and economics at San Diego State University What he found was that if the population in urbanized areas goes up by 10 percent, the price of land goes up, but people respond by building smaller houses on smaller lots, and the median home price actually drops by about 3 percent.

FOR MORE INFORMATION ON THE ECONOMICS OF SPRAWL, VISIT OUR WEB SITE AT WWW.BUILDERONLINE.COM, CLICK ON "THE MAGAZINE" TAB, AND THEN CLICK ON "BUILDER ARTICLE LINKS."

[Sidebar]
TOP 10 STATES FOR SPRAWL
Defining sprawl as unlimited outward extension, low density, and leapfrog development, the Center for Urban Policy Research atRutgers University ranks these states as having the highest scores on the sprawl index:
1. Florida
2. Arizona
3. California
4.North Carolina
5. South Carolina
6. Nevada
7. Colorado
8. Maryland
9. Texas
10. Washington

Indexing (document details)

Subjects:Urbanization,  Cost analysis,  Urban development,  Housing
Classification Codes9190 United States,  9000 Short article,  1200 Social policy,  8360 Real estate
Locations:United States--US
Author(s):Pat Curry
Document types:News
Section:HOUSE BLEND
Publication title:Builder. Washington: Feb 2006. Vol. 29, Iss. 2;  pg. 44, 1 pgs
Source type:Periodical
ISSN:07441193
ProQuest document ID:997027111
Text Word Count351
Document URL:

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