
""It's really a leveling, as there's a shorter, limited supply of developable land. The land supply is decreasing as the city of Dublin approaches that point of build-out,""
""There are broader macroeconomic conditions at play. Market conditions, higher interest rates, higher construction costs - those have come together and slowed the pace of building.""
""California's fastest-growing city""
Dublin experienced a dramatic population surge in 2018, posting 4.5% growth and earning a national reputation as "California's fastest-growing city." The city contracted during the pandemic with negative growth for two years, then recovered by 2023 to rank 14th-fastest growing in the Bay Area and rose to fifth by 2024 with a 1.16% growth rate. Councilman Kashef Qaadri attributed the slowdown to decreasing developable land and macroeconomic pressures, including higher interest rates and construction costs. Dublin has not reached full build-out, but land supply is shrinking. Councilwoman Jean Josey noted the largest boom occurred between 2010 and 2020.
#dublin-california #population-growth #housing-development #land-availability #macroeconomic-factors
Read at The Mercury News
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