Due to various market and industry factors, developers are not planning to start many new construction projects in 2019.
Analysts say home building will slow down considerably in San Francisco in 2019 because of rising construction costs, fees, and interest rates, along with a downturn in the market, reports J.K. Dineen. Affordable housing requirements for new developments have also increased in recent years.
As a result, developers have much less incentive to take on new construction projects. In many cases, they are looking to unload projects that have been approved but where construction has not started.
New units that have been under construction will come on the market this year, and the city anticipates 4,700 units will be completed. The majority of these will be rental units, with significantly fewer condos, only about 300, hitting the market as compared to past years, notes Dineen. In addition, buyers appear most interested in high-end, luxury buildings and neighborhoods where there is typically less development.
FULL STORY: SF’s boom in home building to slow in 2019
Infrastructure vs. Housing
Do shortages of infrastructure justify restrictive zoning?
Tech Money Dominates S.F. Housing Market
The tech industry has created massive wealth, and the impacts on the real estate market are most dramatic in San Francisco.
S.F. Law Would Give Nonprofits Dibs on Apartment Buildings for Sale
The legislation would make nonprofit organizations more competitive in the real estate market by letting them get ahead of speculators.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
King County Supportive Housing Program Offers Hope for Unhoused Residents
The county is taking a ‘Housing First’ approach that prioritizes getting people into housing, then offering wraparound supportive services.
Researchers Use AI to Get Clearer Picture of US Housing
Analysts are using artificial intelligence to supercharge their research by allowing them to comb through data faster. Though these AI tools can be error prone, they save time and housing researchers are optimistic about the future.
Making Shared Micromobility More Inclusive
Cities and shared mobility system operators can do more to include people with disabilities in planning and operations, per a new report.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
planning NEXT
Appalachian Highlands Housing Partners
Gallatin County Department of Planning & Community Development
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie