The most common and most likely answer to this crossword clue is the 8 letter word LOW-RISE
I've seen this crossword clue in The Guardian
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More clues leading to the result LOW-RISE
Buddy explains!
The straight part
We know that "this type of housing" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case this type of housing = low-rise.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does LOW-RISE mean?
LOW-RISE noun- A building of no more than a few stories.
- Of lower-body clothing: whose waistline does not reach the waist, but hangs along the hips.