Stonegate believes that the Southern California market offers the greatest earning potential for our partners and investors. On its own, the Southern California economy would rank as the world’s 12th largest economy. Southern California is home to nearly 22 million people, making it the second most populous “mega-region” in the nation. While other regions may be growing at a faster pace, it is the sheer numbers that make Southern California a standout. By 2013, projections indicate that nearly 850,000 new jobs will be added to the region. Unfortunately, even with 170,000 new jobs per year, Southern California only issues around 100,000 building permits per year at its peak, resulting in a substantial undersupply of housing each and every year in the largest and strongest regional economy in the nation. The undersupply will continue to build and it is the goal of Stonegate to be able to capitalize on the current downturn and acquire residential land that will be highly sought after when the market stabilizes.