Gerd-Ulf (GU) Krueger is a leading expert on California home building. In a recent post at Beacon Economics’ No Nonsense Economics blog, New Housing Breaking Ground… But Next Shortage Is In Sight , he has some very encouraging, as well as cautionary, things to say about current residential construction trends.
- “There is not a shred of evidence of the fabled shadow supply getting unleashed …”
- “…anecdotal evidence also suggests that more ground breaking is taking place in urban infill and suburban A-locations.”
- “But there is trouble brewing on the supply side,…”
- “If nothing is done soon, the best regional economies in California economies will soon face another housing crisis, …”
GU is the principal economist and founder of KruegerEconomics, a housing and economic advisory firm for institutional investors, developers, builders, and state and local governments.
Pictured: Cherokee Mixed-Use Lofts is an urban infill, mixed-use, market-rate housing project in Hollywood.