For a number of years now, urbanists – including myself – have been thinking about “peak car.” And that’s because if you looked at vehicle miles traveled (VMT) in the United States since about 2007, the trend line was more or less flat.
This had us wondering whether or it was simply an outcome of the recession or some sort of broader shift.
Well, if you look at the
For a number of years now, urbanists – including myself – have been thinking about “peak car.” And that’s because if you looked at vehicle miles traveled (VMT) in the United States since about 2007, the trend line was more or less flat.
This had us wondering whether or it was simply an outcome of the recession or some sort of broader shift.
Well, if you look at the
Here’s the chart:
A lot of this could be because of lower gas prices. But I would be curious to hear your thoughts in the comments about whether or not you think 2007 to 2014 was (1) a recessionary blip or (2) a longer term trend in the making.
Charlie Gardner (aka the Old Urbanist) recently published an interesting pair of posts (here and here) about the decline of homeownership in the United States.
What really stood out for me, though, was this chart (showing the percentage of household real estate equity):
And this conclusion:
“The implied conclusion here, that a dramatic expansion of debt has been necessary just to maintain the illusion of a stable homeownership rate (setting aside the explosion of debt in the 2000s necessary to support
I was reading through PwC and ULI’s 2016 Emerging Trends in Real Estate report this evening and a handful of charts stood out to me. They’re not all related to each other, which is why this blog post is called what it is. But I think you’ll find them relevant to many of the things we talk about on this blog.
1. Average home size by country
With all the interest today in “small urban spaces” it’s interesting to see that the average home size for half the countries on this list is somewhere between 500 and ~1100 sf. It’s also amazing to see Hong Kong hovering just below 500 sf.
Here’s the chart:
A lot of this could be because of lower gas prices. But I would be curious to hear your thoughts in the comments about whether or not you think 2007 to 2014 was (1) a recessionary blip or (2) a longer term trend in the making.
Charlie Gardner (aka the Old Urbanist) recently published an interesting pair of posts (here and here) about the decline of homeownership in the United States.
What really stood out for me, though, was this chart (showing the percentage of household real estate equity):
And this conclusion:
“The implied conclusion here, that a dramatic expansion of debt has been necessary just to maintain the illusion of a stable homeownership rate (setting aside the explosion of debt in the 2000s necessary to support
I was reading through PwC and ULI’s 2016 Emerging Trends in Real Estate report this evening and a handful of charts stood out to me. They’re not all related to each other, which is why this blog post is called what it is. But I think you’ll find them relevant to many of the things we talk about on this blog.
1. Average home size by country
With all the interest today in “small urban spaces” it’s interesting to see that the average home size for half the countries on this list is somewhere between 500 and ~1100 sf. It’s also amazing to see Hong Kong hovering just below 500 sf.
What I would now be curious to see is the above chart in terms of household equity value. Because I wonder to what extent rapidly appreciating home prices (as a result of cheap credit) are having an offsetting affect on declining equity percentages.
2) The decline in homeownership in the US
I like to follow home ownership rates because there’s a lot of debate around whether or not this obsession with homeownership – which has been so central to the ethos of countries like the US and Canada – is at all falling out of a favor. This chart shows some pretty significant drops from previous highs.
3) Average home prices and the price to income ratio in major Canadian cities
Not surprisingly, Vancouver and Toronto are the top of this list with the highest average home prices and the highest price to income ratios (i.e. the worst affordability).
4) Drivers as a percentage of all commuters in the US
This chart is similar to what you would see if you looked at vehicle miles traveled. I’ve heard some people say that driving is now once again on the rise, but for the past decade and a half it’s been on a slow and steady decline.
5) Countries buying US real estate
Canada is a big buyer of US real estate. But with the dollar where it is today, I am sure that number is headed downwards.
What I would now be curious to see is the above chart in terms of household equity value. Because I wonder to what extent rapidly appreciating home prices (as a result of cheap credit) are having an offsetting affect on declining equity percentages.
2) The decline in homeownership in the US
I like to follow home ownership rates because there’s a lot of debate around whether or not this obsession with homeownership – which has been so central to the ethos of countries like the US and Canada – is at all falling out of a favor. This chart shows some pretty significant drops from previous highs.
3) Average home prices and the price to income ratio in major Canadian cities
Not surprisingly, Vancouver and Toronto are the top of this list with the highest average home prices and the highest price to income ratios (i.e. the worst affordability).
4) Drivers as a percentage of all commuters in the US
This chart is similar to what you would see if you looked at vehicle miles traveled. I’ve heard some people say that driving is now once again on the rise, but for the past decade and a half it’s been on a slow and steady decline.
5) Countries buying US real estate
Canada is a big buyer of US real estate. But with the dollar where it is today, I am sure that number is headed downwards.
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