1. Real Estate Principles, 11th Edition
By Charles F. Floyd
and Marcus T. Allen

2. Chapter 11
Residential Land Uses

3. Types of Residential Development
Single-family detached houses
Single-family attached houses
Row houses
Townhouses
Plexes
Multifamily residences
Condominium or cooperative forms of ownership
Condominium ownership of a unit
Cooperative ownership of stock in corporation that owns the property

4. Types of Residential Development, cont.
Manufactured homes
Second homes
Market is different from primary-home market
Timeshare form of ownership is sometimes used

5. Market and Feasibility Analysis
Delineation of the market area
Determined by employment opportunities and commuting ranges
Analysis of recent economic trends in the local market area
Determination of future demand
Analysis of future supply
Potential demand
What lies beyond recent trends?

6. Financial Feasibility Analysis
The importance of market analysis
Three most important factors in real estate development are “the market, the market, and the market”
See:
Case Study “Milford Hills Saga”
Table 11.1 Milford Hills Project—Projected Development Expenses
Table 11.2 Milford Hills Development—Pro Forma Cash Flow Statement