Multi-Family Residential Markets: Too Much Housing? - 2017 Winter/Spring Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey

Allen Matkins
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While there have been limited new building permits for homes, California has been overbuilding high-end, multi-family housing. This has occurred both because job growth in tech has generated more high-income earners, and the cost of land in the coastal cities and the cost of the building process pushes builders away from low-to-no-margin apartments, except in less expensive parts of the state. As a result, Allen Matkins/UCLA Anderson Forecast California See more +

http://www.allenmatkins.com/ucla

While there have been limited new building permits for homes, California has been overbuilding high-end, multi-family housing. This has occurred both because job growth in tech has generated more high-income earners, and the cost of land in the coastal cities and the cost of the building process pushes builders away from low-to-no-margin apartments, except in less expensive parts of the state. As a result, Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows signs of a softening in the multi-family market. See less -

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