San Diego County had the biggest drop in homebuilding in Southern California in the first six months of 2019.

The county constructed 43 percent fewer homes in the six-month period compared to the same time last year, said the Real Estate Research Council of Southern California.

The slowdown comes at a time when city and state leaders are offering several legislative measures to spur housing. Meanwhile, a statewide rent cap bill is working its way through Sacramento, and was recently endorsed by the governor. It has been argued by prominent business groups that it would slow housing construction — which appears to be happening anyway.

Southern California home construction is down 25 percent from the same time last year, led largely by a reduction in apartment building.

read more at: https://www.msn.com/en-us/finance/realestate/san-diego-home-building-continues-to-plummet-biggest-drop-in-socal/ar-AAGLo9L

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