Industry: Construction
News
Sept. 11, 2015
Scant availability of skilled construction workers has hampered home construction at various times in the past few years of recovery. But the shortfall seems to have grown more acute of late, as new-home sales are up 21.2% so far this year from the same period last year and commercial construction has increased steadily.
News
Aug. 25, 2015
But the massive industry shutdown seven years ago that sent workers scattering is having a residual effect. Builders are having a hard time bringing those workers back. They cite several reasons: Many of those laid-off workers retired during the recession or “aged out” of the more physically demanding trades. Some took up other jobs and are reluctant to re-enter the industry, fearful the bottom might fall out again. Still others are commuting to work in the Bay Area, where the home-construction market is hotter.
News
Aug. 25, 2015
The increase was greater than the 4.5% year-over-year pop seen nationally and represents a slight pick-up from May’s reading, when prices rose 6.2% in the two counties, the Standard & Poor's/Case-Shiller index showed.
News
Aug. 15, 2015
Interaction between SB 32 and CEQA would likely, at a minimum, result in the immediate imposition of a Zero Net Energy (ZNE) standard on new construction in California. The initial effect would be a sharp reduction in new construction activity, which would persist until developers and contractors acquired a sufficient level of expertise and capacity to satisfy the stringent new ZNE requirements. Such a slowdown would have ripple effects throughout the entire economy, potentially reducing gross state product by $18 billion, and employment by 285,000 jobs.
News
Aug. 8, 2015
During the 2010-14 period, for example, Los Angeles County’s population grew by nearly a quarter-million, but it added fewer than 40,000 housing units. During the same period, San Francisco, despite its geographic limitations, grew by nearly 50,000, but built fewer than 10,000 housing units.
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