Ginsburg stated that treating builder business as a core pillar rather than a side channel reflects a broader industry shift. He believes a healthy balance of builders should be around 15% to 20% of the overall retail book of business.
The cost rose a lot following the pandemic. And some of that was supply chain issues that really increased the costs, and then they didn't quite come back down. And now tariffs are also impacting some products. These costs are part of the reason the amount of new rental housing stock is shrinking.
We're also now getting to this point where, despite all of those changes, we're still the slowest city to build. We have to now take a stab at the harder problems, including Charter reform, to enable us to be able to make those changes.
At the very root of our affordability crisis is the high cost of housing. High rents and expensive homes are driving families and high-wage jobs out of California. Our housing crisis makes it harder to hire teachers, child care workers and law enforcement officers; and it is closely linked to our crisis of street homelessness.
California's emerging housing fracas over a single stairwell may become a lightning rod, affecting both building codes and capital investment in more multifamily projects in more places. California's Fire Marshal is reportedly in the final stages of a report due this month on whether the state will allow singlestair multifamily buildings above three stories, and on when and how they may be permitted.
California lawmakers are advancing a bill that could reframe how housing, transportation, and infrastructure projects are approved in urbanized coastal communities, seeking to balance environmental protections with the state's urgent housing and climate goals. Assembly Bill 1740 (AB 1740) - introduced by Assemblymember Rick Chavez Zbur (D-West Hollywood/Santa Monica) - would allow qualifying cities to bypass individual California Coastal Commission approvals for certain housing and transportation projects if they meet specific urban, multimodal criteria.