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My assigned subdivison is “Kendall Brook” in Loveland, Colorado
You have been hired as an analyst for a developer that lives in and really likes your assigned subdivision. The developer wishes to duplicate and build the exact number and type/style of homes as your assigned subdivision on some raw land (or near enough to raw land) in your assigned MSA.
If you decide to find a specific location in your assigned subdivision in your MSA, you may assume that the land is vacant, raw land, with no infrastructure and is big enough to double the size of your assigned subdivision. To make it simpler, anything like roads, railroad, ditches, streams can be assumed to have already been re-routed just around the outside of the property, although you are allowed to use anything that does exist on the land in your analysis if you wish.
Census, BLS and other sources we have learned could be good references for the analysis Remember you have a student account with ICSC marketplace that could be helpful as well.
To complete the 2 tasks below, use Ch 4 – Step 3 – Analysis of Demand
Analysis of demand
◦ Employment trends (industries, median wages, commuting, buy/rent)
◦ Number of households and trend (rent vs buy, co-habitation)
◦ Household income and trend (<=30% of income is “affordable”, compare to rent+util)
◦ Other demographic statistics (size, age, marital status, proximity to family) and trends
◦ Employment
◦ Population – trend from preceding census, but up to date info important
◦ Ongoing costs need consideration – taxes, utilities, maintenance, HOA
◦ Household wealth analysis compared to income
◦ Replacement demand – markets over 50 years old, 1% replacement per year
◦ Lifestyle changes
Use at least these 5 sub-steps in your analysis of Demand of your MSA.
Employment Trends (1. industries, 2. median wages, 3. commuting)
Number of households and trend (4. rent vs buy)
Ongoing costs need consideration (5. property taxes)
1) Detail out each sub-step as it relates specifically to your MSA. (Up to 5 points for each detailed sub-step, 25 total)
2) Put it all together and describe how it all impacts your duplicated subdivision. You may also make suggestions here to changes to your subdivision to make it work, if possible, in your MSA. (10 points)
Up to +5 points for quality of your writing, formation of logic, clarity, lack of misspelling, and correct grammar.
(Your answers need to have specific relevance to the subdivision assigned and the duplication into your MSA. I am looking for you to add specifics/opinions about your MSA. You may want to research more than just what is asked for to help you. You are being graded on your critical thinking and application. If ChatGBT can come up with your answer or your answer could be anyTown USA or any subdivision locally could have been used, then it is not specific enough.
Submit a Word document (.doc, .docx) or .pdf of your essay.
You have unlimited submissions but only your last submission will be graded.
FORMAT - Minimum 3/4 of a page but maximum of one page without bibliography. Single line or 1.5 spacing. Margins 0.75" or 1". A bibliography is not needed unless you use 7 words or more from a referenced source, you may place it on a 2nd page. Your essays are being turned in to Turnitin.
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