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Casden Spring 2021 Multifamily Forecast Report
Manage episode 407527248 series 3562930
Contenido proporcionado por USC Lusk Center for Real Estate and University of Southern California. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente USC Lusk Center for Real Estate and University of Southern California o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
Richard K. Green (Director, USC Lusk Center for Real Estate) delivers new data from the Casden Spring 2021 Multifamily Forecast Report. Despite outmigration, California housing prices are still climbing, indicating that the state remains a desirable destination for many. However, California's lack of multifamily housing production remains concerning as sunbelt states with more robust construction pipelines like Texas, Arizona, and Nevada continue to siphon off California residents. Green also asserts that Southern California submarkets will largely be influenced not by whether workers return to the office, but by how often.
Panelists Paul M. Keller (Chairman and Chief Executive Officer, Mack Urban) and Tony M. Salazar (President, West Coast Division, McCormack Baron Salazar, Inc.) echo the data with anecdotal evidence from inside the industry. Salazar points out that affordable housing subsidies are offered as a flat rate across the US, and as a result those funds continue to go further in markets where housing production is less expensive. Keller remains skeptical about how the state may change and expects more of the same challenges in the future.
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