X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SACRAMENTO–Proposed legislation aimed at dramatically cutting greenhouse gas emissions will drive up the price of homes, price households out of the housing market, dramatically increase the number of Californians living in poverty and result in an annual loss of billions of dollars in California’s gross state product, according to a report released by the former department of finance director and legislative analysts’ office former chief economist. Furthermore, the report indicates that the immediate effect of Senate Bill 32 would be a sharp reduction in new construction activity until contractors and developers could gain expertise to adapt to the new requirements that would require on-site energy production for every unit built.

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.