Industry: Construction
Feb. 10, 2016
Home-price growth accelerated late last year, according to a report released Wednesday by the National Association of Realtors, as a lack of supply continues to drive up prices despite cooling demand. . . The five most expensive markets in the county were San Jose, Calif., where the median existing family home price was $940,000, San Francisco at $781,600 and Honolulu at $716,600. . . “Homeownership continues to be out of reach for a number of qualified buyers in the top job-producing, but costliest, parts of the country—especially on the West Coast and parts of the South,” said Lawrence Yun, chief economist at NAR.
Jan. 22, 2016
Were politicians willing to seriously address California’s housing crisis, rather than make token gestures, they’d reform CEQA and take other steps to encourage supply.
Dec. 7, 2015
Opponents can always make a fair argument that any proposed project warms the planet (or harms a stickleback or some other fish or species), so every project potentially can drag on through years of legal challenges. The obvious result: fewer housing projects of all sorts will be built, and those that are built will have additional costs. Many developers won’t even bother proposing such projects. People opposed to growth might be happy with that outcome, but those cheering probably already own their piece of the California dream.
Dec. 1, 2015
The Newhall Ranch development near Santa Clarita – which was approved 12 years ago and would house nearly 60,000 people – was dealt a stunning setback Monday, the Los Angeles Times reports. The Los California Supreme Court rejected its 5,800 page environmental impact report because it did not address greenhouse gas emissions and how a little fish, the unarmored threespine stickleback, would be protected.
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