Not to mention the severe lack of skilled labor to begin with. Hurricane regions, Napa/ Sonoma fires, etc. Not good
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I can't think of a place less capable of dealing with a negative housing supply shock than the bay area
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Lack of multi-family housing/apartments in affected areas means contractors can't staff up to respond to demand.
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How many buildings destroyed? 3500? Mostly single family? Rebuilding neighborhoods as they were, one house at a time? $2 Billion? More?
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will this change the zoning rules and allow for more housing to be rebuilt?
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It's all going to Houston and Florida
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you should see labor costs in Houston ...
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Will they build it all back SFHs? That would be the big snub.
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