What term is used for a modern residential area that has seen a rise in new housing construction and often revitalization?

The term that best describes a modern residential area experiencing new housing construction and revitalization is urban regeneration. Urban regeneration refers to the process of redeveloping and revitalizing urban areas that may be declining or in need of improvement. This often includes not only the construction of new housing but also enhancements to infrastructure, public spaces, and community facilities. The goal is to rejuvenate the area, attract new residents, and improve the quality of life for existing inhabitants.

Urban sprawl typically refers to the spread of urban developments into rural areas, often characterized by low-density development and inadequate planning, rather than revitalization of existing areas. Suburbanization focuses on the growth of suburbs, which can involve moving away from urban centers rather than renewing them. Community development is a broader term that encompasses improving social and economic conditions within communities but is not specifically tied to housing construction and urban revitalization.