S A N D IEGO, CA
3.3 MILLION
people living in San Diego County
35.1 MILLION annual visitors
8th LARGEST CITY IN THE U.S.
WHY SAN DIEGO? For the past decade (2010-2020) the population of San Diego has steadily grown. With an unemployment rate 29% below California’s average, their highly educated work force fuels the talent for top employers that proudly include Qualcomm, Websense, Illumina, Neurocrine Biosciences, the U.S. Navy, and many more advanced medical & educational institutions. The presence of tech giants Google, Amazon, Apple, and Walmart Labs is growing within city limits as well. As the second largest city in the most populous state in the U.S., its metropolitan area boasts a booming economy which has been prosperous for decades.
San Diego ranked #3 on America’s List of Top Remodeling Hotspots* *According to most home improvement loans taken from the Consumer Financial Protection Bureau
HOUSING DEMAND New Home Construction on track to grow in 2020 (+20.5%) & 2021 (+15%) Percentage of single-family homes being constructed outpaces that of multi-family units. DEMAND FOR NEW HOMES A lack of supply has created an excess in demand of more than 140,000 homes which will need to be built in the near future. 12,000 homes need to be built annually to keep up with population growth alone GREATER SAN DIEGO GDP GROWTH $219B
2016
$230B
2017
$245B
2018
$253B
2019 $200B
$210B
$220B
$230B
$240B
$250B
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