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California  | 

Rapid Job Growth Cause of San Francisco’s Housing Shortage

The challenge facing those seeking housing in San Francisco is real, and the culprit is rapid job growth. A new “2016 Commerce and Industry Inventory” report from the San Francisco Planning Department and U.S. Census data reveals only one home was built for every 10.4 new jobs created in 2016.

The Planning Department says there were 27,048 new jobs created in the city in 2016, an increase of 4%. Yet, the Census reports only 2,600 new homes were built during the same period. That reflects a 2% decline in building permits issued.

The good news, all those jobs have boosted the wealth of people in the city to inflated levels. Wages citywide increased 6% to an astronomical $71.5 billion total, up from $49 billion in 2012. And the city’s average wage per job hit $101,640, a jump from $83,570 just five years ago.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read more at Planning Commission Report

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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