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33 <br /> HOUSING IN ORANGE COUNTY <br /> • New construction helps <br /> accommodate housing demand, <br /> thus reducing upward pressure in <br /> What do we know highly sought-after areas. <br /> about the effects of The most likely impact of more new <br /> new construction construction over the medium to <br /> long term is moderation of price <br /> On housing increases in both the affected area <br /> affordability? and the region overall. <br /> • Construction cannot make housing <br /> massively more affordable on <br /> average or investors would not <br /> build. <br /> U R B A N - I N 5 T I T U T E <br />