The 2016 Summer/Fall Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey found multi-family developer optimism has remained strong and consistent over the previous four years it has been included in the Survey. The current economic expansion reflects a shift in tastes from primarily single-family housing to a balanced mix between single-family and multi-family housing. Though overall residential construction has remained at depressed levels in the State, multi-family construction has rebounded sharply. The Survey anticipates a 25-year high in multi-family construction during the next three years. Unlike office space, there is no evidence of a slowdown in new multi-family development.