You are here

Drought dogs Cali developers amid soaring housing market

Many caught in crosshairs of environmentalists seeking to limit new building and water usage

A baseball field in San Pedro, California, in August. Last October, the drought prompted the water resources board to order a moratorium on new connections at 22 of the state's 7,500 water districts.

Los Angeles

CALIFORNIA'S already tight housing market is facing another long-term complication: drought.

The state's dry spell is creating challenges for developers at a time when home prices are soaring because of limited inventory. The metropolitan areas of San Jose, San...

Market voices on: