I'm surprised nobody noticed THIS...

I'm really not sure but I think that there has to be some urban legend or ghost story or something like that connected with the name Elm Street.
I'm not from the US or Britain so I don't know for sure but the name of the street come up pretty often in spoofs and horror movies or stories, so I don't think this is just by chance. There must be some tale that has something to do with the Elm Street (besides the movies "Nightmare...").

Isn't there also a scene with a bathtub in this?

You go ahead, let your hair down

There was a short from 1961, and I have it, called "Nightmare at Elm Manor." It's actually a pretty funny silent movie with some lady running around nude all over the place, and there's a lot of old school Ghouls chasing her. I can't even give you a link here at IMDB-- but I can tell you where to find it (you'd pretty much have to PM me for that though.) But the actress in the movie is here;

http://www.imdb.com/name/nm0658321/

'Elm Street' seems to have been referenced in earlier films, but to be honest with you, I can't remember the films (and, the stuff I've seen, they could've been that bad,) or, they may have changed the title from an old 70s flick in order to get exposure on VHS.

"Nightmare at Elm Manor" was sort of a British 'nudie cutie' with a horror theme, and Wes Cravin insinuated in "Inside Deep Throat" that he was involved with the adult industry, so I tend to wonder if he lifted the name from the movie a little.

I think the second poster's right, though. 'Elm Street' in horror has been around-- I just can't give you anything other than that.

It might have been three years before the first elm street movie was released but craven had pitching the idea for years before it got made

also, when the family first gets to the house and the wife thinks its the one across the street, it looks alot like nancy's house. even down to the bright red door.

was JUST about to post that! Ironic as hell of all the street names.

What is there to "notice"?

Elm Street is a very, very common name for a street in America.
In fact one of the reasons Wes chose the name Elm Street for his film was as the name was so widely known and used. As Freddy said himself, "Every town has an Elm Street."
Plus the school Wes used to attend as a child was on Elm Street, where he was bullied by a kid called Fred Krueger.

JFK was killed on Elm Street too.

There is nothing here to "notice" at all.
It like saying: "Did you notice a character was called Dave?"

Elm Street just just a common and often used name for a street.

And so, God came forth and proclaimed widescreen is the best.
Sony 16:9

What are the odds of a movie using a generic street name!?!

I collect dead pigeons then I press them between the pages of a book.