California Wants New Houses, Bubble Or Not

10 March 2005 - 11:00am

For first time in decades, the state considers ways to make it easier for construction companies to build.

"In California, where the median single-family home costs $485,700, there are signs that the boom has reached a pivotal moment. For the first time in decades, the state is considering ways to make it easier -- not harder -- for construction companies to build. The change of heart in this environmentally conscious state is an indication of how dire the situation has become."

Source: The Christian Science Monitor, March 10, 2005
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