CNNMoney reports on the latest new home sales data (11/29/07): The sales pace for October was well short of economists’ forecasts. The Census Bureau’s latest report also sharply cut back on its earlier estimates for sales in August and September, when a meltdown in mortgage markets kept many potential buyers from getting the financing they needed.Also […]
Housing Market
Wendell Cox: “METROPOLITAN DENVER AT RISK: How Densification Will Intensify Traffic Congestion, Air Pollution and the Housing Affordability Crisis”
Wendell Cox, a critic of Smart Growth, made this presentation to the Apartment Association of Metro Denver Economic Conference on January 23, 2001. He underscores how density and traffic congestion go together, in Europe as in America: If Denver were as dense as Los Angeles it would cover a bit more than one half the area. […]
Randal O’Toole: “The Folly of ‘Smart Growth'”
Writing in Regulation magazine in Fall 2001, Randal O’Toole maintains that Oregon’s well-intended Smart Growth policies have had bad side effects. Mr. O’Toole is senior economist for the Oregon-based Thoreau Institute, which advocates environmental protection through incentives rather than government regulation. His analysis is available as a PDF.“The anti-sprawl movement,” O’Toole writes, “came into prominence in 1973 […]
U.S. National Home Price Index Posts a Record Annual Decline in the 3rd Quarter of 2007
Standard & Poor’s issued a press release today detailing a continuing nationwide erosion in home prices: Data through September 2007, released today by Standard & Poor’s for its S&P/Case-Shiller(R) Home Price Indices, the leading measure of U.S. home prices, shows continued negative annual returns in the U.S. National Home Price Index, the 10-City Composite and […]
Gazette Guest Column: “Give residents a role in city issues”
In today’s Gazette, Northampton resident Stephen Dashef urges officials to obtain citizen input early in the decision-making process: Since most people are not experienced or comfortable with public speaking in front of large groups, the mode of reaching out and obtaining information could include interviews, written answers to questionnaires, e-mail, or some combination of these […]
Gazette: “Assessed property values flatten out in Valley”
Today’s Gazette reports on the state of the regional housing market: After years of double-digit increases, the assessed values of properties remained flat in several Hampshire County communities this year.Industry experts say it’s a sign the local housing market has cooled…‘The market is generally slow,’ said David Burgess, principal assessor in Amherst. ‘There’s very little […]
Suburban ‘Raise the Drawbridge’ Sentiment Motivates Some Smart Growth Policies
Many Smart Growth advocates are motivated by a sincere desire to emulate the best of urban environments: vibrant downtowns with strong civic ties that minimize car use. However, it must be acknowledged that some proponents may have less noble motivations. Among them are some who already live in the suburbs and are eager to restrict development around […]
New York Times: “Vibrant Cities Find One Thing Missing: Children”
One big challenge is emerging to the Smart Growth model: how to serve families with young children. In the case of Portland, high housing costs are motivating families to move to the newest edge suburbs, perpetuating sprawl. The New York Times reports (3/24/05): San Francisco, where the median house price is now about $700,000, had […]
Metro Portland’s Long Experience with Smart Growth: A Cautionary Tale
To see how Smart Growth policies might affect Northampton, we can look to the experience of those who are farther down the path. The experience of the Portland metro area raises concerns. Restricting sites that can be developed boosts home prices. Homeownership rates can suffer, especially among minorities and those with lower incomes. Buyers who want affordable homes with yards […]
Large Lots Gobble Up Land in Massachusetts
In Massachusetts, the chief drivers of sprawl include larger home sizes and lots. The Daily Item reports (3/8/04): Despite its gradual land protection progress, Massachusetts still lost more than 202,000 acres of forest, farmland and open space between 1985 and 1999, nearly 90 percent of those 40 acres a day taken for residential construction, while […]