As the CEO of the Orange County chapter of the Building Industry Association of Southern California, Bryan Starr is in a unique position to see where development stands in the county and where it is headed. The BIA of Southern California is a non-profit trade association representing nearly 1,000 companies employing over 100,000 people affiliated with the home-building industry. And, as Starr tells GlobeSt.com, much of the home-building today is in the multifamily sector. Here's what he recently told GlobeSt.com about the state of development today and his outlook going forward.

GlobeSt.com: Multifamily is one of the few bright spots in development these days. Why is that?

Starr: Multifamily will be one of the key drivers in home construction in Southern California over the next few years. The primary reason behind the boost in multifamily is a result of consumer demand projections in areas with higher priced homes. Understanding that interest and demand for housing in Southern California will always be high, investors are betting that limited access to consumer financing and decreased confidence in home ownership will push demand into the rental housing market.