Posted on | January 23, 2013 |
Dan Boyd, president of the Building Industry Association of Southern California?s Riverside chapter, and an executive with DR Horton, said 2012 was a good year not only because new construction began to ramp up again.
Dan Boyd, of DR Horton, giving opening remarks at 2013 Economic Forecast in Riverside.
(Photo: Debra Gruszecki)
?We have reduced over $50 million in impact fees,? he said, in opening remarks Tuesday, Jan. 22, at the BIA?s 2013 Economic Forecast that?s co-sponsored with Orco Block Co.
That?s significant because the average fee load on a housing unit in Riverside County can range between $40,000 to $80,000, according to the BIA.
A lot of local governments, recognizing how high fees put a hammerlock of sorts on building starts, have worked hand-in-glove to lower development fees, and that has helped immeasurably in the industry shake-out, according to BIA?s Riverside chapter leader Bill Blankenship.
With more positive signs on the horizon for the economy in 2013 than the industry has had in four years, Boyd said the BIA membership roster is growing again. It feels as if the industry has been reborn. ?We?re all bouncing back together,? Boyd said, before Chapman University economist Esmael Adibi offered a preview of what?s ahead.
If you?ve seen new building starts, or want to talk about new developments that look to be taking shape in 2013 or you?re excited about, I?d welcome your tips and comments on The Press-Enterprise real estate blog: http://blog.pe.com/real-estate
You can follow me on Twitter @Debinpalmsprngs or write to Debra Gruszecki at dgruszecki@pe.com
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