July 9, 2021
To really understand affordable housing in California, we must take a step back and take into consideration the ever-increasing cost and time-consuming regulations for builders throughout the state.
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We have all heard about the growing cost of lumber, the shrinking of a qualified construction labor force and the steadily increasing cost of land, all factors driving up the price tag for construction. In addition, builders say that layer of regulations like CEQA, consumer protection laws and increasing fees have greatly contributed to the costs of building in the Bay Area. Strategies to address the lumber shortage and training deficit are being discussed, and over time, the costs associated with these factors will resolve themselves.
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