Advanced Builders & Contractors Blog: Posts Tagged ‘new construction trends’

Trends in New Construction: What are Los Angeles Buyers Looking For?

Friday, July 21st, 2017

After some leaner decades in residential new construction, the number of new homes throughout the Los Angeles and Southern California area are once again trending upward. Much of this spike is to offset an increasingly low inventory of available homes as Los Angeles continues to see very strong population growth.

According to recent statistics, Los Angeles’ economic growth was responsible for bringing in more than 230 thousand new residents during the five-year span between 2010 and 2015, and this rate of growth continues to increase. With only 40 thousand new homes being built during the same period, it becomes easy to see that many more new construction homes will continue to be needed to supply the growing demand for housing.

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