San Diego County: Land Shortage
According to the San Diego Association of Governments, the pace of residential building permits in San Diego County over the last five years is about half of what the region now needs each year (12,000 units needed annually). In addition, only approximately 4,300 resale homes are currently on the market within San Diego County – a four year low according to numbers from the local Realtors Association. A six month supply of housing inventory has historically been associated with a balance in supply and demand.
About author
You might also like
Low Lot Supply an Issue for Builders
62% of builders reported that there was a shortage of developed lots in the markets in which they operate according to a National Association of Home Builders survey conducted in
Park Circle Master Planned Community Approved by Board of Supervisors
Touchstone Communities announced the approval of the 73.9-acre master planned community, located in Valley Center, California, by the San Diego County Board of Supervisors.
Del Webb to Build 240 Homes at Terramor in Southern California
By Mary Salmonsen Forestar Toscana Development Company, a joint venture between developer Foremost Companies and an affiliate of investor Starwood Capital Group, have announced that PulteGroup’s Del Webb brand will
0 Comments
No Comments Yet!
You can be first to comment this post!