Demand for Higher Density Development Appears to be Waning
Washington, D.C. -- Recent gains in demand for infill development and other factors associated with community accessibility appear to be moderating. Showing signs of market saturation, demand for walkable neighborhoods, multi-generational housing, and access to public transportation remain very strong, but growth has leveled off, according to the findings from the American Institute of Architects (AIA) Home Design Trends Survey for the third quarter of 2017, which focuses on community and neighborhood design.
“Intense development pressure on urban neighborhoods seems to be tapering as more development swings back to suburban and exurban locations,” said Kermit Baker, PhD., AIA chief economist “Though homeowners still desire access to community amenities, these results reflect a slowing of migration toward more dense neighborhoods. Homeowner priorities remain consistent, with low maintenance building materials topping the home exterior features list.