Paper Reports on How Fees Impact Whether to Build
May 18, 2012Today's San Gabriel Valley Tribune offers an article on housing affordability that also talks about how development fees can make a difference between a project getting under way or not.
After quoting BIASC CEO David Shepherd (here's the full press release) reporter Kevin Smith writes the following:
With fees and requirements adding so much additional cost to each home, builders often can’t make enough profit to move forward with projects.
“I’ve seen that with William Lyon Homes and Shea Homes,” said Zak Bushey, a Realtor with Southland Properties in Glendora. “They had to put projects on hold after they started building.”
BIASC also was quoted in today's LA Daily News column by Greg Wilcox, who writes about the transfer of the Construction Industry Research Board from BIASC to the California Homebuilding Foundation in Sacramento. The column also reveals the service's new name - the Construction Industry Research Bureau. As CHF Executive Director Terri Brunson explains, CIRB is a name people in the industry know. The article has not yet been posted online.