Measuring and Assessing the Consequences of Technology and Innovation for Affordability of Housing: Proceedings of the NIST-PATH Workshop

Published

October 12, 2021

Author(s)

W I. Whiddon, D B. Hattis, C J. Leng

Abstract

On June 4-5, 2003, the National Institute of Standards and Technology (NIST) and the Partnership for Advancing Technology in Housing (PATH), a program of the U.S. Department of Housing and Urban Development, held a joint workshop with industry at the NIST Gaithersburg, MD, campus on key issues affecting housing affordability. The purpose of the workshop was to discuss ways for measuring and assessing the consequences of technology and innovation on the affordability of housing. The workshop was attended by a broad cross-section of the housing industry. Stakeholder groups represented included homeowners, homebuildiers, product manufacturers, code officials, financial institutions, and government agencies. Keynote presentations were followed by facilitated discussion for each of the following topics: (1) who benefits from innovation; (2) how to transfer benefits to the homeowner; (3) how does each stakeholder view and copute costs; (4) how does each stakeholder view and compute uncertain future benefits; (5) how to evaluate the risks of using innovative technologies; (6) how to measure the social costs and benefits of innovative technologies; (7) how can the regulatory system be used to encourage innovation; and (8) who should bear the costs of new delivery systems for innovative technologies. A final plenary session was held to discuss future directions for applied research. These proceedings contain a synthesis of findings and recommendations for each discussion topic and stakeholder group. Specific recommendations for a road-mapping exercise are included as the next step in producing a set of affordability guidelines for owner-pccupied housing. Also included are two appendices that compile findings, recommendations, and observations, organized by discussion topic and stakeholder group.

Citation

NIST Interagency/Internal Report (NISTIR) -

NIST Pub Series

NIST Interagency/Internal Report (NISTIR)

Pub Type

NIST Pubs

Keywords

affordability, building codes and standards, building economics, construction costs, economic analysis, housing innovation, life-cycle cost, technology

Citation

Whiddon, W. , Hattis, D. and Leng, C. (2021), Measuring and Assessing the Consequences of Technology and Innovation for Affordability of Housing: Proceedings of the NIST-PATH Workshop, NIST Interagency/Internal Report (NISTIR), National Institute of Standards and Technology, Gaithersburg, MD (Accessed September 7, 2024)