Suburbanization And Suburbanization

The united states has been faced with immense mobility since the start of the 19th century, though the rate of immigration has reduced over the years. Movements have also benn noted in the nation, where citizens move in searfch of better opportunities and living conditions. The continous mobility of the American citizen is a major factor in land development and urbanization. United sates was a rural settemnt in the colonial era, with the first urban settlements coming up as small town that were farming developed. The growth of urban cities accelerated iin the second half of the 19th century, hitting 100, 000+ cities. Housing finance and its deveoplment played a role, though not major player – highways program was the major player, in the suburbanization

Mainly the suby=usrbanizaton policy is noted to have caused the federal mortgage insurance, befor which the mortgage rates were very high as to limit the buyers ability to acquire a mortgage, a situation which worsened with the great depression with mortgage foreclosures increasing. The introduction of the Federal Housing Administration, in 1934, accelerated estate finance and caused a higher level of development . The federal policies were libelised and allowed lower deposits toa cquire a mortgage. Furtehr the federal policy provide favorable tax treatment to the home

The growth of cheap transportation and electricity mled to the decentralization of the industries and warehousing. Industrial employemtn tinceraesed in the suburbs, in 1960s half of the employments happed here. Retailing decenarlized to the suburbs, for example the county club plaza decentralized to Kansas city. Shops and retail outlets, mainly huge enclosed malls, became development catalysts. The traditional suburbans have developed such that they are termed as form of decentralized city, with Joel Gatreau terming it as edge city – an area developed and shaped by transportation. Example of edge city include California, Virginia, Silicon, and Tyson’s corner. The depression and world war II caused a slow down in the suburbanization growth rate, including household formation and house building. The end of the depression and the world war II led to the rise of pent-up demand and the baby boom leading to exetended periods of prosperity and growth, suburbanization became both the hallmark and the outcome of the period. The Levviton development protypes and develpemnt plans played a great role in the production of houses, with 150 houses produced in a week. The completton of the project, develop by Levvit – the houses mass builders - resulted in to 17000 completed homes, made belo the market value and hence enabed a higher population of the united