California is building fewer homes. The state could get even more expensive
Briefly

from Los Angeles Times1 month ago
Developers are moving to start fewer homes in 2023, citing reasons like high labor and material costs, new regulations, and the high cost of borrowing.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-04-02/california-is-building-fewer-homes-the-state-could-get-even-more-expensive
Rising interest rates make it more expensive for Americans to buy homes and add costs for developers, leading to fewer projects that make financial sense.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-04-02/california-is-building-fewer-homes-the-state-could-get-even-more-expensive
Read at Los Angeles Times
#real-estate-development #home-building #california #housing-market #economic-impact
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