Authors: Sandra Robles, Lynn M. Ross, Robert M. Sharpe
After the housing bubble burst in 2008, many communities were hit hard by foreclosures, creating widespread homeownership losses for communities across the country. As the economy continues to recover and markets begin to stabilize, one thing is certain: the “old” normal will not return because consumer preferences are changing. Building on a 2012 ULI Spring Meeting panel discussion on the future of residential development, this discussion paper captures thought-provoking ideas on what’s next for master-planned communities (MPC) from industry leaders in the ULI network. This discussion paper should not be considered an analysis of the market or a prediction of what will happen, rather it is a platform from which to engage in further discussion on the future of MPC development in general.