In This Issue:

• HOUSING PRODUCTION REACHED NEW LOW IN 2009

• FISCALLY UNBALANCED

• ENERGY EFFICIENCY TO SHINE IN 2010

• GREEN CALIFORNIA SUMMIT & EXPOSITION

• 2010 NATIONAL EVENTS

• CBPA 2010 CALENDAR

HOUSING PRODUCTION REACHED NEW LOW IN 2009

Marking the second year of record-low housing production in California, homebuilders in our state put up the lowest number of homes for a single year in 2009, the California Building Industry Association (CBIA) announced earlier this week. CBIA said just 36,209 permits were issued statewide last year for new homes, apartments, condominiums and townhomes, down 44 percent from 2008 and down a whopping 83 percent – 176,751 units – compared to 2004, the peak of the latest cycle.

According to statistics compiled by the Construction Industry Research Board (CIRB), homebuilders pulled permits for 25,046 single-family homes in 2009, down 24 percent from 2008, while multifamily permits totaled 11,163, down 65 percent from the previous year.

Real estate groups hope that the new homebuyer tax credit proposed by Governor Schwarzenegger is enacted as quickly as possible and encourage state and local lawmakers to examine other means of boosting homebuilding.

Click here to see the full release.

FISCALLY UNBALANCED

The California Real Estate Journal takes a look at the state budget. "The $83 billion spending plan unveiled by Gov. Arnold Schwarzenegger this month is considered a mixed bag for the commercial real estate industry, with proposals to streamline environmental reviews and increase construction jobs dueling with threats to dip into key transportation dollars and other vital pots.”

Click here to read further on how the ongoing budget problems may impact our industry.

ENERGY EFFICIENCY TO SHINE IN 2010

Solar and wind power may get the headlines and attention, but green-tech experts say 2010 will be dominated by energy efficiency, the mundane but critical process of cutting the amount of gas and electricity that homes and offices use.

Several regulatory and legislative efforts to increase minimum energy efficiency stringency are already underway, and the state, by adopting CALGREEN, has again increased the standards of Title 24.

Click here to read more.

GREEN CALIFORNIA SUMMIT & EXPOSITION

CBPA is a proud sponsor of the 2010 Green California Summit & Expo taking place at the Sacramento Convention Center March 15-17. The event is shaping up to be the biggest green government conference ever. Over 200 suppliers of green products and services and upwards of 6,000 attendees are expected. The Summit will feature keynote speakers, an educational program of full-day workshops, concurrent sessions, product showcases and networking opportunities. For information and to register, click here. When registering use the code “CBPA” for our sponsor discount.
 

2010 NATIONAL EVENTS

BOMA International - Winter Business Meeting and National Issues Conference
February 1-4, 2010
Hyatt Regency Capitol Hill, Washington, DC

NAIOP Chapter Leadership & Legislative Retreat
January 31 - February 3, 2010
Renaissance Mayflower Hotel, Washington, D.C.

ICSC - Strategic Leadership Summit
March 15 - 17, 2010
Willard Inter-Continental Hotel, Washington, DC

CBPA 2010 CALENDAR

February 18, 2010
CBPA Board Meeting
Sacramento

June 22-23, 2010
Annual CBPA Board Meeting & CA Commercial Real Estate Summit
Sacramento

October 21, 2010
CBPA Board Meeting & CBPA Industry Awards Dinner
The Fairmont Hotel, Newport Beach