Report: California Housing Deficit Increases 82% Since 2012
Up for Growth, a research and policy network committed to solving the nation’s housing shortage, has issued a groundbreaking report about the state of available housing in California. The analysis finds the housing underproduction in the Golden State has reached 977,654 homes, an increase of 82% since 2012, the worst deficit of any state in the U.S.
Up for Growth’s 2022 Housing Underproduction in the United States study measured the gap between the number of homes available versus those needed. “This important research from Up for Growth shows that too few homes are produced in the United State, leading to higher costs to families and households,” said Colin Parent, Executive Director and General Counsel of Circulate San Diego.
The report also includes a plan that quantifies the benefits of building million of homes, called A Better Foundation. The data finds that adding 3.8 million homes across the country would increase affordability, add $209 billion to the U.S. GDP, generate $7 billion in additional local revenue and greatly reduce C02 emissions.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.