As the population grows and housing becomes scarce, creative options arise
Implications - The population is increasing at a rapid rate. This creates a need for more housing, but also calls for an increase in diversified housing options to accommodate all financial situations, family sizes, and spatial contexts. This results in more creative housing solutions designed to be more affordable and size-conscious. Essentially, this large-scale redefinition of what it means to own property signifies greater overall change, and a faster pace of acceptance.
Workshop Question - What will your industry look like in the next 5, 10 or 15 years? How can you begin to prepare for these changes?
Trend Themes
1. Affordable Housing - The need for diversified and more affordable housing solutions is on the rise, leading to creative proposals for tiny homes, rent-to-own housing, and shipping container housing.
2. Smart City Infrastructure - As urbanization continues, governments worldwide are looking to implement smart solutions to enhance transportation, housing, infrastructure, and governance within urban ecosystems.
3. Sustainable Architecture - Innovative architects and designers are using digital fabrication technologies, such as 3D printing, to prototype affordable and environmentally friendly micro-neighborhoods.
Industry Implications
1. Real Estate - Real estate professionals can explore new profitable markets by developing innovative affordable housing options, such as rent-to-own and micro-neighborhoods.
2. Tech & Urban Planning - Tech and urban planning experts can cater to the need for smarter city infrastructure by developing custom-made solutions for transportation, housing, infrastructure, and governance.
3. Environmental Sustainability - Architects and designers can focus on eco-friendly and sustainable designs that use green materials, such as shipping containers, to create affordable and functional housing solutions.
