The Bay Area’s “innovation economy” — i.e., the high-tech sector — is thriving. Though longtime observers are right to wonder when the next crash will happen, the region’s current boom has some fundamental qualities that hint prosperity will continue. This time of expansion is an opportunity to acknowledge some of the challenges associated with economic growth.

Each February, SPUR’s Municipal Fiscal Advisory Committee brings together top economists and city staff to forecast what San Francisco’s economy will do in the year ahead. The expertise of independent economists and experts from key sectors — including real estate, hospitality and retail — helps the city develop revenue projections for the upcoming fiscal year. Here’s a look at what they see ahead.

Last week the San Francisco Planning Commission adopted the 2014 Housing Element. SPUR supports the housing element, but we believe the city needs to do much more to address the housing deficit. At a time when San Francisco is experiencing growth in jobs and residents, the city is not planning, approving and building enough housing. We have five suggestions for how to get things moving.

Long before the current housing crisis, SPUR and partners like the SF Housing Action Coalition and Livable City advocated for better planning codes and practices in San Francisco. Paying attention to code may not be as headline-grabbing as placing a measure on the ballot, but it’s a key factor in shaping a city’s development — and San Francisco has made some significant updates recently.