Northern California fires nearly wiped out housing gains made over last decade

The fires that devastated Northern California stand to worsen the housing crisis, as they’ve burned homes faster than developers are able to build them. The Camp Fire alone destroyed 21,000 homes across six counties, or roughly 85 percent of the new housing that’s been built across those counties in the last decade, according to the Los Angeles Times. “We had a housing crisis prior to the fires,” Bob Raymer, a senior engineer with the California […]

source https://therealdeal.com/la/2018/12/05/northern-california-fires-nearly-wiped-out-housing-gains-made-over-last-decade/#new_tab