Report: Redevelopment Continues in Urban Neighborhoods
The US EPA has released its 2010 report on Residential Construction Trends in America's Metropolitan Regions. Trends identified in the report indicate that the distribution of residential construction has significantly changed over time in many regions. In more than half of the largest metropolitan areas, urban neighborhoods had dramatically increased their share of new residential building permits.
- The urban neighborhoods had more than doubled its share in 15 regions.
- The increase had been particularly dramatic over the past 5 years.
- Data from 2008 showed the trend continuing in the wake of the real estate market downturn.
However, in many regions, a large share of new residential construction was still taking place on previously undeveloped land on the urban fringe.
Learn more and download the report HERE.