Master-planned communities are becoming increasingly popular among developers as a solution to the housing affordability crisis.
- In 2022, the National Association of Realtors reported that the United States experienced a record low in housing supply.
- Builders expect housing affordability to worsen as the Federal Reserve raises interest rates.
- Communities and districts with a master plan and mixed-use properties have attracted investors looking to invest and increase supply.
The housing market in the United States is facing a crisis, with prices rising due to a shortage of building materials and skilled labor. This has left many Americans struggling to make rent and pay for housing. However, there are some solutions that could ease the burden on consumers and improve public health. Better planning and retrofitting of suburban areas could help to reduce costs and improve living conditions. The Mosaic District in Fairfax, Virginia, is an example of a retrofitted mixed-use district that has attracted major developers to the concept.
The real estate industry is working to increase the availability of housing.
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