May 8, 2017
SOURCE: Andrew Khouri – Los Angeles Times

Housing construction jumped last year across California, adding new supply in a state grappling with a persistent housing shortage, according to data released Monday.

The state’s housing stock increased by 88,562 units, while the population rose by 334,578 residents — or one new home for every 3.78 new residents, data from the Department of Finance showed.

Developers are now adding homes, relative to population growth, at a far higher pace than in recent years. But it’s still below what experts believe would be enough to keep up with California’s growing population, which topped 39.5 million last year.