The demand for homes continues to increase, with the current supply of homes unable to meet the need for single-family homes in California. As a result, housing starts have spiked once again, with builders unable to keep up with the pace of housing demand.
According to CIRB (Construction Industry Research Board), a service provided by the California Homebuilding Foundation, this year has heralded another 5% increase in single-family home starts in California, a steady trend in growth.
In the Bay Area, homes are in very short demand, spending little time on the market before being snatched up by buyers. Building will continue to be necessitated by this market, so we expect growth to continue through the summer and into this Autumn.