hate to use jargon but it feels like a new paradigm. In 2013, wouldn't have guessed suburban dev in CA to be so slow in 2017.
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Absolutely correct. Dramatic shift, started in 1980s with early "urban infill" projects and steadily grew as "smart growth" went mainstream, and now dominant since single-family housing construction market plummeted after 2008 real estate crash. New paradigm indeed.
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What really stands out is that single-family construction is what "died." Multi-family rebounded to level it'd been since 1980s. MF now makes up >50% of total production,compared to only 25-30% before the 2008 Crash. Now need to repurpose the suburbs for modest multifamily market
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we can't do single family any more on the coasts. The only place you can do single family is the Central Valley (if Californians wanted to do that), and then you've got to have the transit to jobs to make that work.
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are those prior projections based on the current housing production data? if we increase production would the figures adjust?
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the highest highs of the past 20 years are lower than those of the preceding 30. Sheesh
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Yes, but already reduced from mid-80s per this chart; and from 70s if chart were limited to big metroshttps://twitter.com/kimmaicutler/status/816782889161347072 …
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It's really surprising that this happened while the interest rates are so low.
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Maybe growing income inequality in CA too. Rich getting richer but middle class and poor struggling and forced to rent.
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