The digitization of our world has deep implications for the housing industry. What happens when our stuff disappears, when our media is in the cloud, when our food is delivered on demand, when our cars are summoned by the press of a touchscreen? How much space will we need? With less stuff and space, will we have a different cultural connection to our homes? How will the housing industry shift?
The housing industry is in the middle of a prolonged crisis. There is massive, pent-up demand for more housing. Housing shortages have stretched current inventory to the max, driving prices up, particularly in cities.
It is said the best things come in small packages. While true of many things, this axiom seems lost on the way we design our homes.
In 2014, a group of UCLA researchers published a book called “Life at Home in the 21st Century: 32 Families Open Their Doors.” As the title suggests, the authors went into the homes of 32 middle class, Los Angeles families.
In my last post, I discussed the shrinking size of multifamily units and how that was just as reflective of a shift toward studios and one bedroom apartments as the contraction of all unit types.