Sunday, March 11, 2012

Walter Russell Mead on the Future of Housing

In his Beyond Big Blue, Part 7, Walter Russell Mead takes a look at the future of housing.  Mentioning work by Joel Kotkin on the subject, Mead points out a couple of trends that seem to be escaping the new urbanist conventional wisdom,

"Surveys do suggest that Millennials actually prefer living in the humble detached home to unaffordable yuppie pods on top of tram lines, but something much more interesting may be happening.  Home improvement companies like Lowe’s and Home Depot report an uptick in the number of investors into multi-generational homes, or homes with integrated professional office spaces.  Some builders, like Pulte Homes and Lennar, are even specializing in ‘multi-generational’ homes with cordoned-off space for Millennials, Baby Boomers, and grandparents to live and maybe work under one roof."

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