The Los Angeles wildfires are estimated to have caused between $95 billion to $164 billion in property damage, with insured losses reaching $75 billion. The cleanup and rebuilding effort will take years. Newsweek reports that developers want to “Turbocharge” building efforts. California’s endless red tape when it comes to building permits has been a bottleneck for years. Governor Gavin Newsom has assured residents that he will suspend the California Environmental Quality Act and the California Coastal Act so rebuilding can happen quickly. Here are three stocks that will gain from the rebuilding efforts.
