The latest new vehicle sales data from California New Car Dealers Association shows Californians remain on track to exceed 2 million new light vehicle purchases in 2017, although sales are beginning to ease from comparable levels a year ago. Key findings from the data:
The latest second quarter new vehicle sales data from California New Car Dealers Association shows slowing growth in Californians’ purchases of new cars and trucks, although sales remain on track to exceed 2 million once again in 2017.
The latest new vehicle sales data from California New Car Dealers Association shows continued but slowing growth in Californians purchases of new cars and trucks.
In recent years, a number of studies (e.g., The White House, September 2016; Furman, November 2015; Shoag & Ganons, August 2016; Glaeser & Gyourko, January 2017) have identi ed the outcome of increasingly stringent land use regulation in limiting housing supply and thereby increasing housing costs particularly in coastal urban areas. Similarly, a number of studies have assessed the signi cance of these regulations speci cally on California’s soaring housing costs (e.g., California Department of Housing & Community Development, January 2017; Legislative Analysts’ Of ce, March 2015 & March 2017; McKinsey Global Institute, October 2016; Next10, March 2016).
This report analyzes the potential effects from recently adopted and currently proposed regulations having significant effects on the cost of new housing in California. Specifically, these regulations considered include proposals that would require all housing in California to be built while paying workers at prevailing wage levels along with Zero Net Energy requirements, increasing local requirements for affordable units, and offsets, VMT reduction, and other measures related to the state’s climate change policies.