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A Different Kind of Housing Recovery?

February 27, 2013

California’s economy is slowly improving, and so are the state’s housing markets. But what kind of housing recovery lies ahead for Inland Southern California?

Steve JohnsonDemographics, economic pressures, changing consumer attitudes and other factors driving housing could make this recovery unlike any other the region has known, said Steve Johnson, Director of the Southern California Region for Metrostudy

Job growth, consumer confidence and an improving economy are slowly boosting demand for housing and median home prices, Johnson said. But a number of other factors, including an aging boomer generation, a desire by some younger buyers to live in urban areas, and demand for energy-efficient, healthy communities could reshape not only the types of future housing, but where that housing will be built, he said.

Transportation issues, such as the expansion of MetroLink to the Perris area, the upgrade and expansion of area freeways and the dramatic rise in gasoline prices could all impact not only where new housing is built, but what type of housing is preferred, he said.

As Director of Southern California operations, Johnson is responsible for all Metrostudy operations -- including surveying, consulting and managing local client relationships -- in Los Angeles, Orange, Ventura, San Diego, Riverside and San Bernardino counties.

He has served for more than 25 years as an advisor to homebuilders, developers, financial institutions, public agencies and private investors throughout the Western United States. His expertise includes development strategies for unimproved land, multi-family, adult communities, and commercial properties.

He is regarded as an expert on the rapid urbanization of Southern California, and is recognized by his peers for his understanding of today's changing demographics as they relate to the future housing needs of the region.

Steve Johnson's Slide Presentation

Audio of Steve Johnson's presentation

Seminar Audience