![]() ![]() It’s also the kind of news that might lead a person to wonder: Does this California exodus mean the state’s perennial housing shortage is finally coming to an end? ![]() ![]() ![]() Put those two numbers together and a surprising statistic emerges: There are now more homes per person - 3,770 units for every 10,000 Californians - than there have been since at least 1991.įor a state that has long suffered from too many people trying to cram themselves into too few homes, that’s an encouraging number at first glance. Over that same period, the state’s population declined, marking the third year in a row that it’s fallen from one new year to the next. New numbers released by the Newsom administration show that California added homes to its housing stock at a faster clip than any time since the Great Recession - 123,350 additional units, or an increase of 0.85%. This month Californians worried about the cost of housing were offered the rarest of gifts: a glimmer of hope. ![]()
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