UCLA Forecast: Multifamily Thriving

The Allen Matkins UCLA Anderson Forecast was just released and the multifamily market in California is booming. In fact, multifamily construction is expected to hit a 25-year high in the next three years. A record number of California developers began construction on at least one project in the last 12 months and many more plan on breaking ground this year. Construction permits have hit pre-recession levels. There are no signs of any California markets being over built.