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I'm not sure about the Bay Area, but at least for New York, it looks like building is picking up: https://www.wsj.com/articles/new-york-sees-biggest-home-buildi

I'm not sure about the Bay Area, but at least for New York, it looks like building is picking up: https://www.wsj.com/articles/new-york-sees-biggest-home-building-boom-in-years-11580654688 https://www.wsj.com/articles/new-york-sees-biggest-home-buil... "Despite a weak outlook for residential real estate, the number of building permits issued in New York City for new homes surged last year to the highest pace since 2015. It was the second-highest total since the end of the last big building boom in 2008. Permits for 26,547 units of housing were issued in 2019, about 27% more than the year before ..."

rjkennedy98 7y ago
So New York is building a lot because they are building more than any time since 2015? Almost as much as they built in 2008? Is this a joke?
KptMarchewa 7y ago
It apparently has over 8 million units: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=12&cad=rja&uact=8&ved=2ahUKEwjFgv7S-NHnAhXk-ioKHfCVCI0QFjALegQIBBAB&url=https%3A%2F%2Ffactfinder.census.gov%2Fbkmk%2Fcf%2F1.0%2Fen%2Fstate%2FNew%2520York%2FHOUSING%2FHOUSING_UNITS&usg=AOvVaw1W-O4aweCQEsUpgCkMaIBs https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&c... So this is not even 0,5% of overall units.