Quote:
Originally Posted by c01
Do people think there will be more Sacramento housing starts in 2019 than 2018? What's a decent source for these projections?
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Well I mean we have more residential projects and they are actually going taller than our typical 5 story buildings (10K for example will be 15 stories) and we have a good amount of hotels being built or speculated (Metropolitan, Vanir, Hotel Marshall, etc.). The Sacramento Commons even started construction and there are 3 state office buildings in the works.
Unfortunately, I don’t see a big residential book coming for the next few years. The only area that’s really taken off in terms of residential is midtown. Downtown developers are still hesitant to build, hence why we aren’t seeing any high rise condominiums.
Furthermore, our 3 main areas for multi family development: The Railyards, TBD, and Township Nine have not started or are growing very berry slowly. Those infill projects will new a catalyst, a company, or an upgrade to really get things going (the MLS stadium is probably our best shot).
Single family homes will be stronger tho, McKinley, the Mill, and Natomas are growing really quickly cause developers and homebuilders are trying to appeal to Bay Area families.