San Diego Homebuilding at a 15-year High, but Nowhere Near Demand

San Diego County built more than 10,000 homes in 2021, something that hasn’t happened in 15 years.

There were 10,188 building permits pulled last year, up 7 percent from 2020, said data released Wednesday by the Real Estate Research Council of Southern California. Construction was primarily led by new apartments, spurred on by the biggest rent increases in at least 20 years.

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