How San Diego’s Homebuilding Slump Compares to the Rest of SoCal
San Diego Tribune
By Philip Molnar
San Diego County is on track to build fewer homes than it did last year, said permit records released this week. Residential building permits for all homes — condos, apartments and single-family homes — are down 18 percent in the first nine months of 2017 compared to the same time last year, said the Real Estate Research Council of Southern California.
The only county with slower building was Orange County, which had a 21 percent reduction. All other Southern California counties had an increase in building in the first three quarters.
About author
You might also like
Economist Warns That Buyers Face Increasing Troubles
From a broad view, the U.S. housing market looks very healthy. Demand is high, employment and wages are growing, and mortgage rates are low.
Home Ownership Wanes in California
Our state’s housing crisis increases homelessness, costs people jobs and lengthens commutes, all serious problems. On the most basic level, though, what the shortage of affordable housing does is deny