The future homes of post-crash America

Steve Hawley, Dec 18, 08.

Just as good economic times pushed housing sizes to mansion-like proportions, the downturn in the economy will force builders and consumers to downsize and become energy-efficient, according to this commentary from James S. Russell. He argues that Americans will be looking for smaller, more efficient lots with better access to transit. As a result, home prices will fall and urban areas will benefit, provided that cities invest in trains and buses. Russell concludes that the short-term impact on the housing market will be painful, but that lower home prices ultimately will be beneficial.

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