...In more than half of the largest metropolitan areas, urban core communities have dramatically increased their share of new residential building permits.
* The central city has more than doubled its share in 15 regions (of 50 studied).
* The increase has been particularly dramatic over the past 5 years.
* Data from 2007 show the trend continuing in the wake of the real estate market downturn.
However, in many regions, a large share of new residential construction still takes place on previously undeveloped land on the urban fringe...
28 February 2009
Inward Trend in Building Permits?
The EPA just released results of a study of residential construction trends to see if there is a real shift inward, or if most construction is still on the suburban fringe:
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