California apartment permits dip to 12-year low but new home construction rises
Briefly

from www.ocregister.com6 months ago
In the first half of 2024, California saw a significant increase in housing permits for single-family homes, largely due to heightened demand and limited supply.
www.ocregister.comhttps://www.ocregister.com/2024/08/20/california-apartment-permits-dip-to-12-year-low-but-new-home-construction-rises/
Apartment developers are sharply reducing construction in California, citing an oversupply leading to flattened rents and the highest rental vacancy rate in a decade.
www.ocregister.comhttps://www.ocregister.com/2024/08/20/california-apartment-permits-dip-to-12-year-low-but-new-home-construction-rises/
Read at www.ocregister.com
#california-housing-market #real-estate-trends #single-family-homes #multifamily-construction #economic-outlook
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