Could Eliminating Single-Family Housing be Good? Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Could Eliminating Single-Family Housing be Good? The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post Servicers Navigate the Post-Pandemic World 2 days ago About Author: Mike Albanese Subscribe The Best Markets For Residential Property Investors 2 days ago Share Save Sign up for DS News Daily A study by the National Association of Home Builders (NAHB) states traditional housing zoning has been seen as a barrier to affordability, and that using policy to promote diversity in housing stick could accommodate a diverse population with varying incomes and needs. “A fresh round of research continues to point to strict zoning ordinances as impeding supply and affordability in the United States,” the NAHB study states. “Innovative policy shifts that increase the flexibility in land use and the tools available to construct varied housing should be good news for builders, developers, renters and home buyers.”The NAHB added that “diversifying housing options with smaller lots and smaller homes provides resources on code requirements and could provide examples of housing projects that break the traditional mold of housing. The report adds that opposition to policies, such as the elimination of single-family zoning, comes from “not in my backyard sentiments.” “Property value and neighborhood congruity are common arguments against altering single-family zoned areas,” the report said. “However, appropriate zoning and design considerations can be of use to qualm these concerns.”Oregon’s HB 2001 went into effect on August 8, and mandates that cities with a population of more than or equal to 25,000 to allow middle-housing types on lots previously earmarked for the development of detached single-family housing. The NAHB states, clarifying the legislation, that the policy does not “outright prohibit” single-family zoning or development in Oregon. “In fact, the bill should give builders and developers more flexibility and opportunities to build an expanded range of housing types in the state,” the NAHB said. The report states there are currently 11 case studies in the U.S. on innovative land-use policies, such as Oregon’s HB 2001.Those studies include: Meridian Court: Two single-family lots in Pasadena, California, were combined to create a house-scale condominium building comprising 10 townhouse units and improve site density to 26 units per acre.Mews Townhouse Units: The flexibility of this type of housing proved useful by turning an awkward lot configuration into a successful, small scale project in South Jordan, Utah, and similarly increased site density while providing two- and three-bedroom townhouses.“Oregon is in fact following a national trend in updating city codes that for years have led to a majority of land use being dedicated to single-family homes,” the report states. Tagged with: single-family housing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News Previous: Home Prices in Opportunity Zones Next: Improved Affordability and Falling Delinquencies Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Related Articles Demand Propels Home Prices Upward 2 days ago August 29, 2019 1,006 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago single-family housing 2019-08-29 Mike Albanese
New figures published today by the UK Space Agency reveal that the UK could compete in a high value market to launch an estimated 2,000 satellites by 2030 On his first visit to the site of a new spaceport at Sutherland, Business Secretary Greg Clark said that the spaceport could be worth 400 jobs to local Scottish economy In July £31.5m of funding was announced to support the Sutherland spaceport. This is a key part of the Industrial Strategy to ensure the UK thrives in the commercial space age. Commercial vertical and horizontal launch demand is worth a potential £3.8 billion to the UK economy over the next decade and will support further growth of Britain’s space sector. He commented that thanks to the UK’s location, planned regulatory framework, private sector strategy and space ecosystem, Britain has a competitive advantage to compete for a substantial share of a market for launching an estimated 2,000 small satellites by 2030.During the visit the Secretary of State viewed plans for the spaceport site and held discussions with local people and businesses to hear their thoughts.Figures released to coincide with his visit suggest that existing ‘rideshare’ small satellite launches (small satellites piggybacking on larger missions) are capable of meeting less than 35% of the total demand. This reveals a significant gap in commercial small satellite launch provision for which future UK spaceports are well placed to compete.Business Secretary Greg Clark said:“From our market leadership in small satellite construction to our world leading universities Scotland and the UK comes from a position of strength in the global space sector which will be turbo boosted by the first new spaceport and our Industrial Strategy.“However, I want to make sure that this giant leap for the UK will also deliver on the ground, that’s why I’m here today to discuss benefits in local jobs, uplifting tourism and businesses, helping to bring prosperity to all.”Low cost access to space is important for the UK’s thriving space sector which builds more small satellites than any other country, with Glasgow building more than any other city in Europe.The Sutherland spaceport will be developed by Highlands and Islands Enterprise (HIE). The HIE Board approved investment of up to £9.8m in the £17.2m facility. The agency earlier confirmed that the Sutherland spaceport was capable of supporting some 400 jobs. These would be a mix of new jobs as a result of activities at the spaceport, inward investment, and supply chain opportunities.Roy Kirk of HIE is project director for the Sutherland Spaceport development said:“Establishing the UK’s first spaceport in Sutherland is a fantastic opportunity for the Highlands and Islands, and for Scotland.“The international space sector is set to grow very significantly in the coming years. We want to ensure our businesses are ready to benefit from the opportunities this will create.“Establishing this launch site will create local opportunities, with around 40 high quality, skilled jobs in a fairly remote and rural part of Sutherland. Crucially, we believe it will also stimulate further related investment and business activity more widely across the Highlands and Islands and other parts of Scotland.“We’ll be working to develop supply chain opportunities locally and across our region. We will also use the spaceport’s presence to attract and encourage further business activity and investment here in the longer term.”Chris Larmour, Chief Executive of Orbex said:“I don’t think anyone should underestimate the importance of what is being done here in Scotland. With Sutherland we will have continental Europe’s first spaceport. Britain already has a very strong satellite manufacturing capability and soon, with Orbex, there will be British rockets taking those satellites into orbit. This end-to-end capability is unique in Europe and will create a virtuous circle, leading to more investment, more business and more jobs.”“As a great example of that, we are currently assessing locations in Scotland to house our rocket factory and Spaceflight Mission Control facility, which will become Orbex’s global headquarters. We hope to announce the location of our new facility within the next sixty days. From there, we will start the hiring process for 25 new jobs immediately, rising to around 130 jobs over time. We have progressed rapidly over the past three years. We are already testing the engine of our Prime rocket, we have secured £30 million in funding and we have signed up our first customer for twenty satellite launches. Very quickly, we expect the local economy and the wider British economy to start feeling the positive impact of this progress.”Patrick Wood, Lockheed Martin’s UK Country Executive for Space, said:“We are moving quickly with our teammates to establish detailed plans and infrastructure for this new launch capability. Lockheed Martin is already expanding our presence in Sutherland, and we’re searching for the first members of our team now. We are committed to fast and meaningful progress to deliver regular, reliable and responsible access to space for the UK, with the first launch slated for the early 2020s.”Scotland is the best place in the UK to reach in-demand satellite orbits with vertically launched rockets. UK Space Agency has also previously announced a £2m scheme to support horizontal launch.The UK Space Agency is driving the growth of the space sector as part of the Government’s Industrial Strategy with major initiatives including the National Space Test Facility at Harwell, and the UK continues to be a leading member of the European Space Agency, which is independent of the EU.