Archive for September 7th, 2010
Weekly 3 Land Development: half full glasses and water retention basins
What are the three biggest stories each week in the world of California land development? You’ll find them right here, or follow LP&A all week long on Twitter at @LPALand for up-to-the-minute news and analysis. You can also sign up to receive the Weekly 3 via email here. This week:
Someone’s glass is half full. Of what, we’re not sure.
If you’re like us, you’ve seen so many conflicting homebuilding forecasts in recent months that your head is spinning. We know there are still many bears out there, but we wanted to share a recent report from CalPoly Pomona’s Real Estate Research Council, which gives us at least a glimmer of hope. The report anticipates that because of current dreary numbers, California homebuilding could rise as much as 246 percent in the next 18 months. In an accompanying reader poll, 80 percent responded “What are they smoking?”
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