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While the coronavirus has brought much of the market to heel, Urban Pacific Group of Cos. is anticipating increased labor availability and decreased land costs.
The League of California Cities filed a letter with the governor asking him to pause statutory timelines that apply to 12 parts of state law including timing requirements essential to resolving the housing crisis.
It is impossible to know the depths of the current recession, but there is a plausible scenario that class-B and class-C apartments could see increased demand.
There is a lot of talk about the cultural changes that will arise out of the coronavirus outbreak, but CREXi's Eli Randel says that any changes will be short lived.