Townhomes, Apartments Planned Amid Market Woes - NBC 7 San Diego

Townhomes, Apartments Planned Amid Market Woes



    Townhomes, Apartments Planned Amid Market Woes
    Don Boomer/North County Times
    Construction of the Cresta Bella luxury apartments is seen from one of the nearly complete buildings at the Rancho Penasquitos complex on Friday. New apartment buildings are a sought-after property for investors in the area, as the demand for rentals increases. (Photo by Don Boomer - Staff photographer)

    The next 20 years of housing construction can be seen in the long trail of regulatory paperwork that fills developers' filing cabinets for years before a bulldozer rolls across an acre of land, according to The North County Times.

    In San Diego County, 70 percent of that future will take the form of townhouses and tall condominium or apartment buildings, according to data from MarketPointe Realty Advisors, a local industry consulting firm.

    Most people who want a brand-new house and still work in San Diego will have to look to Southwest Riverside County, where the opposite is true: 81 percent of the new units working through the bureaucracy are houses.

    Read the rest of the story from NBCSanDiego's media partner, The North County Times.