BIA Baldy View Chapter CEO, Carlos Rodriguez, provided a summary of the 2016 housing market activity year to date. Highlights include:
Permits are down 4% in 2016
Annual Closings are up 35%
2016 Market demand is 6800 however annual closings are only at 2192.
Vacant Developable Lots Inventory is down 7%
The Middle-Income Housing Affordability Crisis:
Keynote speaker Wendell Cox, Principal of Demographia, an international public policy firm specializing in demographics, land use and transportation. Cox co-authored the Demographia International Housing Affordability Survey, which includes nine nations and more than 350 metropolitan areas. Cox spoke about the housing affordability crisis currently underway in San Bernardino County and the links to poverty and a migration out of California to other states like Texas. To see the entire PowerPoint presentation, click here.
The Affordable Housing Panel
Kent Paxton from the Office of San Bernardino County Supervisor Josie Gonzales, Clemente Mojica of Neighborhood Housing Services, Richard Hedrick of iMortgage and Dan Nackerman from the San Bernardino County Housing Authority.