Wednesday, July 22, 2015

We will not be solving the housing supply problem.

From the June Architecture Billings Index, via CalculatedRisk.  Even as the broader index continues to improve:
“The demand for new apartments and condominiums may have crested with index scores going down each month this year and reaching the lowest point since 2011.”

Rest easy, San Francisco city supervisors, the threat of too much "market rate" housing has been thwarted.  Nationally, 400,000 multi-unit housing starts is the new American maximum.

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