Northern California fires nearly wiped out housing gains made over last decade

The devastating fires will worsen an already dire housing crisis in California

Los Angeles /
Dec.December 05, 2018 10:00 AM
The California National Guard conducts search and clearing operations in Paradise following the Camp Fire. (Credit: California National Guard on Flickr)

The fires that devastated Northern California stand to worsen the housing crisis, as they’ve burned homes faster than developers are able to build them.

The Camp Fire alone destroyed 21,000 homes across six counties, or roughly 85 percent of the new housing that’s been built across those counties in the last decade, according to the Los Angeles Times.

“We had a housing crisis prior to the fires,” Bob Raymer, a senior engineer with the California Building Industry Association, told the Times. “This only exacerbated the crisis. I can’t even put a measure on it. Just wow.”

Residents will likely find themselves paying a construction premium because of increased costs for raw materials and labor. Communities not affected by the fires could be hurt if the state diverts funding allocated for low-income and homeless housing to help fire-affected communities rebuild.

Damage from the Woolsey Fire that burned in northwest L.A. County and Ventura County is now estimated at around $5 billion, much of that in damage to homes and private property. In Malibu, which sustained $1.6 billion in damage to single-family homes, local officials are preparing a package of measures to help locals rebuild. That includes easing zoning restrictions and hiring private contractors to beef up the planning department to hasten the pace of construction. [LAT]Dennis Lynch 


Related Articles

arrow_forward_ios
LuMar's Babak Nehoray with10756 W Wilkins Ave (Avvo, Labyrinth)
Developers plan five-story apartment building in place of single-family home in Westwood
Developers plan five-story apartment building in place of single-family home in Westwood
Pasadena mayor Victor Gordo and attorney general Rob Bonta (iStock, Rob Bonta, City of Pasadena, Illustration by Kevin Cifuentes for The Real Deal)
Pasadena withstands AG’s slings and arrows on SB 9
Pasadena withstands AG’s slings and arrows on SB 9
 1933 South Broadway (Loopnet, iStock)
Ara Tavitian scores $150M refi on The Reef in DTLA
Ara Tavitian scores $150M refi on The Reef in DTLA
East End Capital's Jonathon Yormak and David Peretz and the southeastern corner of South Alameda Street and 6th Street (East End, Google Maps)
East End Capital plans second studio complex in Arts District
East End Capital plans second studio complex in Arts District
Dollinger Properties' Dave Dollinger and Plaza at Golden Valley mall (Crexi, Getty Images)
$54M for Santa Clarita retail center
$54M for Santa Clarita retail center
1633 Victory Boulevard, Glendale and Senior Planner at City of Glendale Dennis Joe (Google Maps, LinkedIn)
New owner wants to enlarge controversial Glendale hotel project
New owner wants to enlarge controversial Glendale hotel project
80 South Street (Wikipedia)
Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
Los Angeles mayoral candidates: Rick Caruso, Karen Bass and Kevin de Leon (Wikimedia, Rick Caruso, iStock)
Real estate industry all over LA mayoral money game
Real estate industry all over LA mayoral money game
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...