Industry News

California builders urge regulatory reforms

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California's complex and uncertain governmental regulations have led to a cumulative shortfall of more than 500,000 homes and apartments since 1995, a new study found, suggesting that major reforms are needed to improve California's economy and business climate, the president of the California Building Industry Association said Monday. The study – conducted by Bain & Co., a global business consulting firm, for the California Business Roundtable – found that the state's regulatory climate is by far the most costly, complex and uncertain in the nation, and urged state and local officials to make widespread changes to encourage economic growth and job creation in California. Sherman D. Harmer Jr., a San Diego home builder and president of the 6,000-member CBIA, said the study specifically uses the problems faced by builders as an example of how anti-competitive California has become. Harmer said the study looked at how much time it takes to get a new-home community approv...