3 ms·
> new residential construction is mostly (90+%) detached single family residences But how much brand new residential construction on vacant plots of land is go
by hash872 7y ago
> new residential construction is mostly (90+%) detached single family residences
But how much brand new residential construction on vacant plots of land is going on in the most expensive cities? The slightly unrealistic YIMBY movement makes it sound like there's many plots of vacant land just waiting to be developed. But..... there's not. Upzoning mostly means buying existing SFRs and doing teardowns, not just building brand new on these imaginary vacant plots of land in San Fran or Manhattan. This is limited by number of SFR sellers, etc.
- clairity 7y agoi was surprised too. here's where i looked it up: https://www.census.gov/construction/chars/completed.html https://www.census.gov/construction/chars/completed.html (specifically the metro data). not having looked into it further, i'm guessing that most new (SFR) housing starts are at the margins of the metro area, not in/near the center.