Friday, March 28, 2008

East Bay Home Construction Falls Into Pit

By Chris Thompson
Fri, Mar 28, 2008 at 7:00 AM

And now the fun begins: housing construction, which has been such a key ingredient in the nation's recent boom times, has dropped sixty percent in the East Bay. The East Bay Business Times reports that new-home construction has fallen roughly 28 percent around the state, but the East Bay has seen it drop like a stone. Oddly, housing construction has actually risen in other parts of Northern California, including San Francisco and San Mateo. In addition, the last year has seen a shift in emphasis from single-family home construction to apartment buildings.

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