Walter, Rebecca J.; Caine, Ian. (2019). The Geographic And Sociodemographic Transformation Of Multifamily Rental Housing In The Texas Triangle. Housing Studies, 34(5), 804 – 826.
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Abstract
This study catalogues the location, clustering and sociodemographic distribution of the development of multifamily rental housing over the last five decades in the Texas Triangle, one of the fastest growing megaregions in the United States. The research reveals prior to the 1970s, apartments clustered in downtown areas; throughout the 1980s and 1990s, the development of apartments expanded to the suburbs and along major interstates; and in the 2000s, apartment growth continued in the peripheral areas while returning downtown. During this time period, apartments were developed most often in majority white, high-income and low-poverty neighbourhoods. These geographic and sociodemographic characteristics challenge widespread conceptions that equate multifamily rental housing with central city locations and low-income populations. The findings suggest that multifamily rental housing offers a powerful tool to increase residential density in downtown and suburban locations, while also accommodating a sociodemographically diverse population.
Keywords
Sociodemographic Factors; Rental Housing; Neighborhoods; Home Ownership; Housing Development; Apartments; Locational Patterns; Multifamily Rental Housing; Sociodemographics; Suburban Infill; Texas Triangle; City Centres; Central Business Districts; Housing; Poverty; Suburban Areas; Residential Density; Suburbs; Transformation; Catalogues; Density; Clustering; Income; Multiple Dwellings; Low Income Groups; Rentals; Catalogs; Texas; United States--us
Bitter, Christopher; Krause, Andy. (2017). The Influence of Urban Design Packages on Home Values. International Journal Of Housing Markets And Analysis, 10(2), 184 – 203.
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Abstract
Purpose The purpose of this study is to examine the impact of neighborhood design templates on residential home values in King County, WA, USA. Previous research examines a number of individual design factors; this study combines these factors into typologies and tests for the impacts of the composite set of design features. Design/methodology/approach The study analyzes over 27,000 home sales with a hedonic price model to measure the impacts across three large, regional submarkets. Neighborhood design categories are developed using a cluster analysis on a set of individual neighborhood attributes. Findings The key finding from this research is that the impact of more traditional (“urban”) design packages on home values is highly contextual. For the older and denser neighborhoods in the study area, a more traditional design results in a significantly positive impact on home values. In the new and more suburban regions of the study area, this effect is not found. Originality/value Prior work focused on valuing design attributes individually. The study argues that neighborhood design is better conceived of as a “package”, as the value of a given design element may depend on other co-located attributes. This is the first study, to the authors’ knowledge, to treat physical neighborhood design variables as a composite whole and to attempt to value their impact on home values as such.
Keywords
Regional Development; Packages; Cluster Analysis; Suburban Areas; Residential Areas; Housing; Design; Connectivity; Property Values; Urban Planning; Emission Standards; Neighborhoods; Urban Areas; Influence; Household Utilities; Design Factors; Regional Analysis; Housing Prices; Land Use; Tax Assessments; Urbanism
Acolin, Arthur. (2020). Housing Wealth and Consumption over the 2001-2013 Period: The Role of the Collateral Channel. Journal Of Housing Research, 29(1), 68 – 88.
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Abstract
This study estimates changes in the relationship between housing wealth and consumption among homeowners during the recent housing boom and bust in the United States, focusing on the period 2001-2007, during which house prices increased and financial innovations led to an increased availability of products enabling households to extract home equity; and on the period 2007-2013, during which house prices declined and home equity withdrawal products became largely unavailable. The estimated elasticity of consumption with regard to housing wealth increased in 2004 and 2007 (.06) relative to 2001 (.04). The estimated elasticities then decreased in 2010 and 2013 (to below .04). In addition, the increase was larger among borrowing constrained households than unconstrained households. No relationship between housing prices and consumption was found among renters. These additional tests for subpopulations support the hypothesis that the increase in consumption out of housing wealth occurred through the collateral channel.
Keywords
Consumption (economics); Wealth; Product Elimination; Equity (real Property); Home Prices; Home Ownership; United States; Collateral Channel; Credit And Consumption; Housing Wealth Effects; Housing; Housing Costs; Estimates; Prices; Households; Consumption; Equity; Borrowing; Hypotheses; Innovations; Elasticity Of Demand; Propensity To Consume; Housing Prices; Lines Of Credit; Mortgages; Subpopulations; Collateral; United States--us
Launching the Inspire Fund: An early step for CBE’s Office of Research “For a small college, CBE has a broad range of research paradigms, from history and arts, to social science and engineering.” — Carrie Sturts Dossick, Associate Dean of Research Upon taking on the role of Associate Dean of Research, Carrie Sturts Dossick, professor in the Department of Construction Management, undertook listening sessions to learn about the research needs of faculty, staff and students across the College of Built…
The Population Health Initiative has announced the award of eight Tier 2 pilot grants, which are intended to encourage the development of new interdisciplinary collaborations among investigators – and with community-based partners – for projects that address critical challenges to population health. One of the funded projects, “Assessing National Public Housing Authority Disaster Preparedness, Response and Recovery of Place-based Subsidized Housing Units,” includes Rebecca Walter, Windermere Endowed Chair and Associate Professor, Runstad Department of Real Estate. Walter serves as a…
Gregg Colburn, Assistant Professor of Real Estate, co-authored a new book titled Homelessness is a Housing Problem, alongside journalist Clayton Aldern. The new book explores the factors that drive homelessness, and the cultural and economic shift that can ultimately benefit all — housed and unhoused. Colburn believes housing market conditions — specifically, high housing and rental prices, and low vacancy rates — exacerbate economic and personal challenges for society’s most vulnerable. And it’s the housing market, aided by the private…
In 2021 the College of Built Environments launched the CBE Inspire Fund, designed to support CBE research activities for which a relatively small amount of support can be transformative. The second year of awards have just been announced, supporting five projects across 4 departments within the college as they address topics such as food sovereignty, anti-displacement, affordable housing, and health & wellbeing. This year’s awardees include: Defining the New Diaspora: Where Seattle’s Black Church Congregants Are Moving and Why Rachel…
Congratulations to Assistant Professor of Real Estate and CSDE Affiliate Arthur Acolin for being awarded a $10,000 Tier 2 seed grant for his project, “Accessory Dwelling Units as Potential Source of Affordable Housing Across Generations”. This grant is part of CSDE’s quarterly call for seed grant applications and is intended to help faculty initiate new research endeavors that have high relevance to population science and a strong chance of building towards extramural funding. Acolin will be conducting a joint project…
College is a time of exploration and discovery for all students. It is a time that often shapes how we view the world. Going through this transition during a moment of turbulence in the world can shape that experience significantly, which is exactly what happened for Assistant Professor of Real Estate, Arthur Acolin. As an undergraduate, international student in the US in 2008, the housing bubble and subsequent recession shaped Acolin’s future as a researcher and professor. “The subprime crisis…
The University of Washington Data Collaborative (UWDC) is now offering services to researchers across campus, including BE researchers Gregg Colburn at the Runstad Department of Real Estate and the Urban Form Lab. Housed at the Center for Studies in Demography & Ecology, UWDC provides infrastructure to access restricted data in a secure and sophisticated computing environment. Data sets available to researchers cover health records, polling data, business and consumer data, and real estate data. Researchers interested in accessing these data…