According to the San Francisco Planning Department’s Q4 2009 Pipeline Report, San Francisco’s current big picture (click to enlarge) housing pipeline is as so:
∙ 128 projects with 1,320 housing units are currently under construction
∙ 190 projects representing 2,070 units have received a building permit
∙ 328 projects representing 4,620 units have applied for a building permit
∙ 119 projects representing 8,220 units have been approved by the Planning Department
∙ 108 projects representing 30,370 units have filed for Planning Department approval
Overall pipeline residential units currently total 46,600, down from 54,790 in the second quarter of 2009, but up from 30,002 in the first quarter of 2007. Of course the share of those under construction (4,978 in 2007) has shifted and applications for proposed new units have plummeted over the past two years.
∙ San Francisco Pipeline Report: Q4 2009 [sf-planning.org]
∙ San Francisco’s Housing Pipeline And 2009 Housing Element Report [SocketSite]
It will be interesting to see some macro data on San Francisco once the census data comes out. It’s been a wild 10 years.
In 10 years we seem to have built a lot of new units. Be interesting to see the breakdown of people, households, and income. I would guess that we have a lot more housing units per person now.
cool. no blue dots in the real SF.
“I would guess that we have a lot more housing units per person now.”
I would guess that too. The population figures, given the economy and lost SF jobs, are likely to be flat or up slightly. Certainly not the ridiculous numbers touted a few years ago that SF could grow to 850K – 900K.
Those were bubble dreams that spawned the ridiculous planned numbers of housing units – note the spike from 30,000 to almost 55,000 from 2007 to early 2009.
Note too the sharp drop since 2009 to 46K. Even that number is unrealistic IMO and ultimately I suspect only a small fraction of those 46K projected new units will ever be built.
“I would guess that we have a lot more housing units per person now.”
No children means declining household size. Your statement is almost certian
“Note too the sharp drop since 2009 to 46K. Even that number is unrealistic IMO and ultimately I suspect only a small fraction of those 46K projected new units will ever be built.”
Of course this a function of high fee exactions, affordable housing exactions, community stabalization exactions, an interminable entiltiment process etc. Any of this reduced and streamlined would allow more projects to pencil for a developer.
These is an almost insatiable demand for housing in San Francisco at the right price. We could add 100-200K people easily if we choose to
Without even enlarging the map, I can see that they include the condos over the new Whole Foods at Haight and Stanyan that are now dead in the water.
So I would assume this is wildly optimistic to put it nicely.
There are condos planned on nob hill and russian hill – historically some of the oldest parts of the city – if any place is REAL SF – its there.
Also, previous definitions given of “the Real SF” don’t usually include most of the Sunset!
“Without even enlarging the map, I can see that they include the condos over the new Whole Foods at Haight and Stanyan that are now dead in the water.”
It looks like TRC is included too – isn’t that project all but dead?
More projects = lower prices. More projects = more opportunities for buyers.
And who do you suppose is going to finance all this building? Any thoughts? How about the cost per square foot to build in SF…it not going down. I heard from a respected broker that it still cost $350 to $400 per sqft to build, that’s not going to add up to lower cost for anyone.
More projects = lower prices. More projects = more opportunities for buyers.
More projects = more homeowners underwater
Half the pipeline is in 3 projects:
1. Bayview project (including candlestick)
2. Park Merced expansion
3. Treasure Island
If those go then so goes a good chunk of the pipeline.
i really want to live next to the highway or in concrete and traffic heaven. so thank god that’s where most of the dots are. i would gladly pay $1,000 per SqFt for a view of an on ramp. the sweet smell of carbon dioxide, the daily opportunity to clean my unit’s windows of grime.
It also looks like they are including a project on Scott (between Eddy & Ellis) that I believe is also DOA. The space has already been converted to a nice lawn that is fenced in (and I believe is being used by the jewish highschool next door, but since I’m never home during work hours can’t confirm they are using it).