
Large Homebuilder Pulls Out of North Bay Rebuilt Effort

We recently discussed how record low unemployment across the Bay Area combined with a severe housing shortage could create unexpected challenges for the region, especially as relates to achieving ambitious policy goals that involve significantly increasing housing-related construction activity. Late last week brought unfortunate confirmation of the broader dynamics involved here, with news that a large homebuilder was pulling out of plans to rebuild homes lost during the North Bay wildfires. The reason? Financial feasibility concerns driven by a "general labor shortage in home construction" Read More