"California seems unable to make any significant dent in its housing challenges. My trusty spreadsheet analyzed fresh Census Bureau housing data, examining changes in supply and costs for occupied housing - both ownership and rental living arrangements - across the 50 states and the District of Columbia. By comparing 2024 statistics to those of 2019, it becomes clear that California's housing creation lags behind the national pace and is insufficient to alleviate the steep financial burdens of shelter."
"Yes, California housing numbers have grown in five years. The increase of 639,800 occupied units was the third-largest expansion among states. However, that added housing accounted for only 6% of the U.S.'s overall growth of 9.9 million. Measuring changes in living arrangements tracks construction patterns, vacancy rates and how properties are used. And where was the most housing added? The state's economic archrivals: Texas added 1.5 million occupied units, and Florida is up 1.2 million."
Between 2019 and 2024 California added 639,800 occupied housing units, the third-largest numeric increase among states but only 6% of the U.S. growth of 9.9 million. California had 13.8 million occupied units last year, about 10% of the nation's 132.7 million. Five-year growth of 5% ranked seventh-slowest among states and below the national 8% pace. Texas and Florida added 1.5 million and 1.2 million occupied units respectively. Utah and Florida led percentage growth at 16%, followed by Texas and Idaho at 15%. Typical monthly shelter costs in California averaged $2,280, 70% above the national $1,340.
Read at The Mercury News
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