Briscoe Ivester & Bazel Newsletter, April 3, 2014

  • News
  • by BPC Staff
  • on April 3, 2014
April 3, 2014


 Construction of Residential Housing “Can’t Be Fast Enough” For San Francisco


     If San Francisco’s mayor has his way, the city is about to enter a major residential construction boom.  According to Mayor Ed Lee, the city is suffering from a housing shortage that has led to pent-up demand and price escalation.  To combat that shortage, the mayor recently set a goal of 30,000 new or rehabilitated homes by 2020 – an ambitious target, considering that the city’s chief economist says that only 100,000 new units have been built in San Francisco since the 1920s.  The residential construction and rehabilitation process, in the mayor’s words, “can’t be fast enough.”

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