Merced, Riverside, Sacramento and Stanislaus counties are all forecast to consistently increase through the year 2020, particularly Sacramento, which reveals a 76% total unit increase in 2020 compared to 2016.
Bob Raymer with CBIA believes that “There has been a pent-up demand from lower construction numbers over the past eight years, and other counties are still trying to emerge from the economic downturn.”
Orange, San Diego and Santa Clara counties, however, are predicted to experience the most noticeable decreases in unit production over the next five years, following several previous years of high-level permit activity.
The industry is not always predictable, but CIRB has the statistical insight to conclude that the pulse of California homebuilding is getting stronger and steadier by the year. (Read the full article here: https://bdmag.com/pulse-homebuilding-industry/)
To receive the CIRB county-level housing unit forecasts with a 3 or 5-year outlook, please email your request to CHF-CIRB@mychf.org, or purchase the reports for immediate download HERE.