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Uncle Sam May Be No Help

STORIES, CITY LIGHTS NEWS

Don Bauder, SAN DIEGO READER

Wednesday, October 12, 2011

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Will construction ride to the rescue? “In 2009 and 2010, we had the lowest number of housing units under construction since World War II,” says Kelly Cunningham, economist for the National University System Institute for Policy Research, noting the county has lost 40 to 45 percent of its construction jobs. “[This year] housing construction will be up some but will also be one of the lowest in years. Our houses are among the most unaffordable in the nation, and we need more housing. But we are not building, partly because of the overhang of foreclosures; we have to work through that.”