Construction costs in San Francisco have risen at least 10 percent over the past two years, the largest increase since the height of the last housing boom in 2005-2006. The bump is largely driven by price hikes for materials and labor, especially as large projects like Apple's Cupertino headquarters take up a significant portion of available resources. Affordable developments are feeling the crunch the most, with even a below-market-rate apartment costing more than $400,000 per unit to build. [SF Business Times]
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