California Has a Housing Crisis. The Answer Is More Housing.
“California finally is beginning to consider solutions to its housing crisis that are on the same scale as the problem. The state is desperately in need of more housing. Home prices are the highest in the continental United States, and population growth continues to outstrip construction. A 2016 study by the McKinsey Global Institute estimated California needs 3.5 million more homes by 2025 — as much as the other 49 states combined. At the present pace of construction, California will add one million units over that period.”