According to the California Department of Housing and Community Development, California needs to produce 180,000 new homes annually, but production averaged less than 80,000 new homes annually over the last 10 years, and ongoing production continues to fall far below the projected need. See rates of housing production in California from 2005-2019. They forecast fewer sales and a price rise of 5.2% in 2022. In that release, they state: " The baseline scenario of C.A.R.'s "2022 California Housing Market Forecast" sees a decline in existing single-family home sales of 5.2 percent next year to reach 416,800 units, down from the projected 2021 sales figure of 439,800. By 2030, one in every five Americans will be over age 65, and our nation will face a severe shortage in appropriate housing to meet their needs. As people age, they need housing that is structurally and mechanically safe and that accommodates people with disabilities. Those 50 and older also need safe communities, adequate transportation.
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College students across the U.S. are looking for housing for the 2022-23 school year and if 2021 was any indication, it won't be easy. "Passing strong housing laws is only the first step. To tackle our severe housing shortage, those laws must be consistently and vigorously enforced," said California State Senator Scott Wiener, Chair of the Senate Housing Committee. "I applaud Attorney General Bonta's commitment to strong enforcement of California's housing laws.". Compounding California's affordable housing crisis is the fact that over the past decade, only 311,000 new housing units have been constructed-this in a state that now has 40 million residents. And, to exacerbate the problem, the vast majority of those new units are high-end housing targeted at the state's upper-income residents.
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The state has passed laws to combat the housing shortage, but it’s not enough. UC Berkeley’s Terner Center may have cracked the code. They’ve done a case study of one San Francisco project that was completed 30% faster and 25% cheaper than similar projects, and identified the key factors that led to its success. There’s been a nationwide housing shortage going on for a while now, so today I’m going to be breaking down the statistics behind the local, state, and national lack of inventory. In the 1970s, 17 million houses were built nationally. College students across the U.S. are looking for housing for the 2022-23 school year and if 2021 was any indication, it won't be easy.
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On the Cape and Islands, the median price of a single-family home climbed to $625,500 in September, up from $550,000 in September 2020, a 12% increase, according to the Cape Cod & Islands. To the editor: The region not only has a shortage of affordable housing but also a shortage of political courage, as shown by the misguided vote of the Southern California Assn. of Governments. While California faces an affordable housing gap at nearly all but the highest income levels, the low-income housing shortage is most severe. According to the nonpartisan Legislative Analyst's.
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