Industry: Construction
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.
News
June 15, 2015
In a decision that could impact developers across the state, the California Supreme Court ruled unanimously Monday to allow Los Angeles and other cities to require that developers provide affordable housing as a condition of getting building permits.
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