We've been seeing a noticeable slowdown in new home construction across the U.S.—in fact, building permits are now 19.4% below pre-pandemic levels, and this decline has persisted for 44 months straight. High costs, rising mortgage rates, and ongoing affordability challenges are making it tough for builders to keep up, all against the backdrop of a 4.7 million housing unit shortfall. As owners and managers deeply involved in leasing and selling single family and rental properties across L.A., Ventura, and Riverside Counties, we know how these trends can shape the pool of available homes and influence both landlords and tenants. With firsthand experience as multi-unit owners, we’re always keeping a close eye on these shifts to help our clients navigate changing market conditions and secure the best opportunities for their investments.
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