Housing construction is on the rise in California, but it’s still not enough

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.

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