Summer 2008 Vol 33, No. 2

Abstract: Despite the current credit crunch and market turbulence, investment today in housing is a good bet, as long as investors and developers consider the increasingly complex environment. Factors to consider are: global investment in U.S. housing markets, changing housing demographics that favor dense urban living, rising energy costs and declining supplies, and the cost and availability of food. Global, national and local governments are setting new requirements and policies that will affect the location and financing vehicles/requirements for housing. Developers and investors must actively participate with governments and policymakers to support “smart development.”