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The Impact of Housing Density on Site Development Costs

Published online by Cambridge University Press:  10 May 2017

Leslie E. Small  and
Donn A. Derr
Leslie E. Small
Affiliation:
Department of Agricultural Economics and Marketing, Rutgers University
Donn A. Derr
Affiliation:
Department of Agricultural Economics and Marketing, Rutgers University
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Extract

During the past decade, the cost of constructing new homes has risen dramatically. While the overall consumer price index rose by 74 percent between 1967 and the end of 1976, the cost of constructing new housing rose by about 103 percent nationally. This trend in costs has priced a growing proportion of lower and middle income groups out of the market for new houses. The national average price for new housing is currently $52,000 per unit. This has led to expressions of public concern that efforts need to be undertaken to find ways by which these low and middle income groups can obtain access to new housing.

Type
Community Development Issues
Information
Journal of the Northeastern Agricultural Economics Council , Volume 6 , Issue 2 , October 1977 , pp. 263 - 274
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

*

This paper is based upon continuing extension and research work runded under Title V of the Rural Development Act of 1972. The authors wish to acknowledge the valuable assistance of B. B. Chavoosian, George Neiswand, Vic Kasper, Peter Pizer and Sandy Morales. The input of the township of South Brunswick engineers and various real estate developers was invaluable.

References

1. New Jersey Builders’ Association, “Statement of Leonard Dendelsky on Proposed ‘Comprehensive and Balanced Housing Plan Act’ (S-3100) and Effects of Municipal Practices on the Cost of Housing”, Statement presented to the Senate County and Municipal Government Committe, July 11, 1975.Google Scholar
2. Southern Burlington County NAACP vs Township of Mount Laurel, 336 A.2d 713 (N.J. 1975), cert. denied, 423 U.S. 808 (1975).Google Scholar
3. U.S. Department of Commerce, Survey of Current Business, Vol. 57, No. 3, March 1977.Google Scholar
4. News, U.S. and Report, World, “Housing Industry Gets a New Lease on Life,” pp. 37–38. February 7, 1977.Google Scholar
5. Urban League of Greater New Brunswick, et.al., vs the Mayor and Council of the Borough of Carteret, et.al., 142 N.J. Super. 11, 1976.Google Scholar