GrowSF via email:

San Francisco real estate development is in a weird spot. While San Francisco has been tasked by the State with accommodating at least 82,000 new homes, the million bureaucratic barriers to building housing, slowing demand, and high construction costs are all combining into a perfect storm of total gridlock.

Just 8 new homes have been permitted each month in 2023, writes Marcus White in the Examiner. This is far below the 854 per month required to meet our growth goals.

If San Francisco government can’t repeal the laws blocking housing, we will forfeit local control of land use to the State in about five years. Better get building.