California is in a HUGE housing jam! Simply not enough housing units. NOT EVEN CLOSE! WE ARE MILLIONS SHORT!
• Production averaged less than 80,000 new homes annually-past 10 years- ongoing need is 180,000 annually.
• Most Californian renters, 3 million+ households, pay more than 30% of income to rent, nearly 1.5 million households — pay more than 50%!!
• Overall home ownership rates are at their lowest since the 1940's!
• California is home to 12 percent of the nation’s population - 22 percent of the nation’s homeless population.