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Editor\u2019s note: The Business Journal published its 2026 Regional Economic Forecast issue on Nov. 28. This is one of those stories.<\/p>\n
After a year of several large groundbreakings for industrial warehouses, new affordable housing communities and additional development to growing areas, Fresno County is set to carry that momentum into 2026.\u00a0<\/p>\n
Fresno County\u2019s housing pipeline<\/p>\n
Fresno County is preparing for a big year of affordable and mixed-use housing in 2026, with nearly 300 new or rehabilitated units moving into construction or opening over the next year, according to Fresno Housing CEO Tyrone Roderick Williams.<\/p>\n
\u201cWe\u2019ve got four that are definitely going to be either completed or started in 2026,\u201d Williams said.<\/p>\n
The four include Mosaic in the Mural District with 25 units, expected to open next year; the 45-unit Avalon Commons II at Chestnut and Alluvial in northeast Fresno, set to break ground in March; Garland Gardens, a 51-unit rehabilitation beginning construction in April; and DABU Village, a 63-unit adaptive reuse project across from the Fresno Chaffee Zoo that recently secured final financing.<\/p>\n
Fresno Housing is also preparing for additional developments in the next few years including, The Lofts at Fulton Forum in Downtown Fresno and projects in San Joaquin, Firebaugh and Kerman. Williams noted that Fresno Housing is \u201cactively always looking at new opportunities.\u201d<\/p>\n
Another goal of Fresno Housing is to bring income-restricted housing into traditionally higher-income areas like north Fresno.<\/p>\n
\u201cA lot of affordable housing often gets relegated to areas of town where rents are lower, but we recognize the importance of equally distributing housing options throughout the city, including areas that where it hasn\u2019t traditionally existed,\u201d he said.<\/p>\n
Challenges such as current economic conditions continue to complicate development planning.<\/p>\n
\u201cConstruction costs continue to fluctuate,\u201d Williams said, with tariffs, interest rates and lower tax credit pricing all influencing feasibility.<\/p>\n
He said Fresno Housing is focused on designing projects that are both cost efficient and sustainable.<\/p>\n
Despite a challenging 2025, Williams remains optimistic, citing Fresno Housing\u2019s long history of working in Fresno County.<\/p>\n
\u201cWe are committed to delivering quality housing and we intend to be around for another 85 years to meet the needs of our communities and our residents.\u201d<\/p>\n
Migration shapes demand <\/p>\n
The Central Valley housing market in 2026 will continue to be driven by migration from the coast, according to Joanna Odabashian, CEO of Keller-Williams.<\/p>\n
Although the rate of migration is expected to stabilize in 2026, the volume of buyers moving inland to the Central Valley will remain strong due to the affordability gap. The statewide median home price is near $905,000, compared with prices in the low $400,000s across much of the Central Valley.<\/p>\n
Odabashian forecasts modest price appreciation in Fresno and nearby cities next year as mortgage rates trend toward 6 percent. Improving borrowing conditions and continued demand are expected to keep pricing firm without escalation. Inventory may loosen slightly, but analysts say the \u201clock-in effect,\u201d which is homeowners holding onto low pandemic-era interest rates, will continue to restrain supply, mainly at the entry level where competition remains most intense.<\/p>\n
Two demographic groups are reshaping buyer dynamics. Coastal buyers often arrive with higher home equity, giving them a competitive advantage over local working families. At the same time, the age of the first-time buyer is increasing.<\/p>\n
Although estimates vary depending on survery\u2019s, the National Association of Realtors says the median is at 40, while some surveys place it closer to 33. Most researchers agree that younger households are entering homeownership later due to affordability pressures and having to pay off student debt.<\/p>\n
Odabashian said policy battles will continue to define supply in the area. Fresno\u2019s proposed Southeast Development Area (SEDA), which could bring 45,000 new homes, faces environmental and financial opposition.<\/p>\n
Clovis business leaders look toward greater stability in 2026<\/p>\n
As 2025 comes to an end, Clovis business leaders are preparing for what they hope will be a more stable economic landscape in 2026, according to Greg Newman president and CEO of the Clovis Chamber of Commerce.<\/p>\n
Newman said the chamber is very optimistic about 2026, highlighting the second year of President Donald Trump\u2019s administration.<\/p>\n
\u201cThere will be a little more certainty, hopefully in the economy, that will allow people to start spending,\u201d he said, noting that inflation and other pressures will ease as business continues to grow.<\/p>\n
Much of the chamber\u2019s recent work in 2025 has focused on helping local businesses respond to increasing legislative demands from the state. Newman said that several businesses have voiced their concerns about the legislation coming down from Sacramento and how it impacts Clovis businesses.<\/p>\n
Newman and the chamber have advocated for local businesses to make sure \u201clocal leaders are still in control of a lot of the things that are happening in our community\u201d instead of relying on statewide requirements.<\/p>\n
Newman said that the Central Valley and Clovis views itself as distinct, saying the chamber is committed to helping \u201cgovern our community, within the leadership within our local community, as much as we can without having to to adhere to state mandates in some areas that we feel we have probably a better idea of how to govern.\u201d<\/p>\n
Looking ahead to 2026, smart growth planning remains a key priority for Clovis. Newman pointed to continued development in areas such as Loma Vista.<\/p>\n
As 2025 closes, Newman said the chamber is looking for greater economic stability that will help businesses and consumers \u201cfeel confident in buying things and, you know, doing services, new projects, all those things.\u201d<\/p>\n
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