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Developers Went Nuts in '08

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Last year, San Francisco built more housing than in any year since 1965, according to City Insider. Which means the origins for the boom started back in 2005, when most projects got their respective starts. Total units: 3,019, compared to a little over 2,000 in 2007 and even less in 2006. There is a catch to the big numbers, though, as any tower watcher should know: the percentage of new housing at lower and middle income levels went down to 27 percent, lower than any of the previous three years. Maybe because the middle class doesn't provide as much entertainment value as G. [City Insider]