Oxnard • Torrance • Costa Mesa • San Diego
Truckee • Burlingame • Los Gatos • Santa Rosa • Dublin

PRESS - DWM Magazine 2016. Housing Revs Up for Big Growth in 2016

Housing’s long, slow road back form the Great Recession has been full of fits and starts, but it appears to be finally hitting the accelerator. Most major forecasts released this fall see strong, steady growth for home construction into 2016 and beyond, bolstered by an improving economy. Though the housing market is currently at 53 percent of normal, by the end of 2016, single-family housing starts are forecast to hit more than 900,000 units, or about 74 percent of normal. That number could rise to more than 1 million units, or 91 percent of normal by 2017 especially as remodeling grew 6.8 percent in 2015 and is expected to grow 6.1 percent in 2016.

Scott Thurber, Vice President of Associated Building Supply Inc. says, “Housing prices continue to escalate on the San Francisco Peninsula and in the Bay Area from San Jose to San Rafael. We’re seeing the same in Southern California. The influx of foreign money, specifically China, into California is also driving demand in the housing market. We haven’t seen the real estate market this strong in the Bay Area and Southern California in years. The midrange segment is flourishing too, and seems to be enjoying the most significant appreciation. We’re watching sleepy beach town shift to destination resort areas, driving real estate prices and demand up. An example of this is Santa Cruz. Two years ago, a 900-square-foot, two-bedroom, one-bath, non-ocean-view home was selling for $550,000. Today, the same home is selling for $780,000. This is a byproduct of Santa Cruz upgrading their downtown, community facilities and attracting more high-end business.” Click HERE to read the full article.

2016HousingNumbers

Happy Clients & Vendors

Testimonial by ABS

Associated Building Supply is fantastic. We had a disastrous experience with another door & window company. We needed a reliable company to help us get our door ordered and delivered quickly so as not to delay the rest of our construction project. We found ABS through an internet search. Tim called us back within an hour of our initial contact. Four hours later we were at the show room with Lisa who is a miracle worker. Even though we were stressed out because of our tight timeline, she was able to help us take a breath and relax. Lisa really listened to our concerns and addressed them all. She is very knowledgeable; she helped us find the perfect door, with a quick delivery time. Thanks Lisa and Tim for keeping us on time with a beautiful product.

Karen | ABS | Project Date: November 2015 | Project Price Range $10,000-$49,999 [Review on Houzz]

Your local supplier statewide

Oxnard • Torrance • Costa Mesa • San Diego • Truckee • Burlingame • Los Gatos • Santa Rosa • Dublin