More Americans want to live in walkable, bicycleable neighborhoods than ever--but new construction is not meeting that demand - Bloomberg

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The sweet spot of U.S. housing demand -- if I'm reading the most recent National Association of Realtors and Portland State University Community and Transportation Preferences Survey correctly -- is for neighborhoods of densely packed single-family houses with sidewalks and short walks to restaurants, shops and public transportation but with easy highway access as well. Such neighborhoods do exist in U.S. cities and inner suburbs, but they tend to be expensive and awfully hard to build new housing in. So we get center-city high rises and exurban sprawl instead. Supply constraints are dictating the shape of America's growth at least as much as demand is.

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More Americans want to live in walkable, bicycleable neighborhoods than ever--but new construction is not meeting that demand - Bloomberg