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Before the pandemic, new homes were $15 to $22 more expensive than existing homes per square foot. In May, new homes were $3.50 cheaper than existing homes per square foot, according to Zillow.
An open-house sign sits in front of one of the townhouses for sale on Coconut Avenue in Coconut Grove built by Doug Cox.
Changing zoning laws to allow multi-unit properties could open up many cities’ housing supply and create more housing affordability, but in much of the country, progress is slow-going. While ...
In the U.S. most medium-density or middle-sized housing was built between the 1870s and 1940s [10] due to the need to provide denser housing near jobs. Examples include the streetcar suburbs of Boston which included more two-family and triple-decker homes than single-family homes, [10] or areas like Brooklyn, Baltimore, Washington D.C. or Philadelphia [10] which feature an abundance of row-houses.
There are about 135 million homes in the United States as of 2016. [19] Housing researchers generally conclude that the supply of housing in the United States is too low to meet demand, [22] resulting in an affordability crisis. [23] [18] Among the renting population, nearly half pay more than 30% of their income toward rent. [23]
A residential cluster development, or open space development, is the grouping of residential properties on a development site to use the extra land as open space, recreation or agriculture. It is increasingly becoming popular in subdivision development because it allows the developer to spend much less on land and obtain much the same price per ...
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