What is the coming demand for walkable communities?
30-55%. That’s the projected demand by 2010 for denser, more walkable neighborhoods (compact cities) according to a USC study.
The summary, funded by the Fannie Mae Foundation, is highlighted and illustrated in a brochure by the Congress for the New Urbanism.
In a nutshell, it takes a 17% overall home buyer preference for these types of communities (which is the same suburban-biased survey revealed in yesterday’s blog), along with a 30% vote of support for townhouses in general, and compares them to just a 10% supply, as measured by the Census.
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