How Faulconer can keep firms in town
Economists and CEOs offer lots of advice on steps to improve economy
Roger Showley, U-T SAN DIEGO
Friday, February 14, 2014
Kelly Cunningham, National University System
Answer: Allow more housing to be built
Residential construction plummeted over the course of the recession. Although units now being constructed are rising again, amounts remain far below needed levels to accommodate population growth. Already among the most expensive and least affordable housing market in the nation, it is difficult for San Diego businesses to attract and retain the rising labor force, especially those wanting to establish families and raise children. Over the past decade, while San Diego’s overall population increased 11 percent, the number of 30- to 44-year olds actually declined and apparently took their children with them as children 15 years and under also declined.