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The Urban Pacific Group of Cos. feels confident heading into this potential economic downturn. Housing remains undersupplied in California, despite the decrease in demand, and the developer believes its urban townhouse model—a three-story, five-bedroom floorplan—is well positioned to succeed. The urban townhouse targets multi-generational households, which could grow rapidly as renters look to curb living costs.

“Even today, we are still undersupplied in California,” Scott Choppin, founder of the Urban Pacific Group of Cos., tells GlobeSt.com. “Demand is reduced today, you could argue dramatically, depending on what micro market and the niche within multifamily, but we still have an undersupply of housing. As a result of this, I think that we will see more families joining together to share incomes and expenses even more dramatically than we did before. That was already our story in the UTH model.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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