Alan Nevin
Alan Nevin
continuing demanded difference due housing inability industry land largely local moderately provide represents state supply urban
The difference represents the inability of the industry to provide moderately priced housing for the first-time homebuyer, largely due to the continuing constraints in the developable land supply in the coastal urban cores of the state and the burgeoning extractions demanded by local government.
completed downtown giving large mostly projects recently standing
It really has to do mostly with conversions and with projects (in) downtown (San Diego). The conversions and the projects downtown that were recently completed have large standing inventories. As a result, they are giving concessions.
affordable area barriers entry gains great major taking throughout
It's all in the affordable sectors. We don't see any major gains taking place in that area because the barriers to entry are so great throughout the state.
created demand large louisiana markets materials reason related virtually
Materials for construction are part of a world market, and the demand created in Louisiana is virtually insignificant. A large part of the reason why materials will go up are related to futures markets on commodities.
built diego four goes homes san
One out of four new homes built in Riverside (County) goes to someone working in San Diego County.
beginning growth reality
The reality is, Bakersfield is just at the beginning of its growth pattern.
excuse material raising reality using
The reality is that there should not be an impact. However, many of the material suppliers and subcontractors are using that as an excuse for raising prices.