07/04/2022

Southern California can’t match nation’s new housing pace

I tossed new Census data into my trusty spreadsheet to see if a recent upswing in construction activity was making a significant change in how much housing — for ownership or for rent — was available. What I found was that Southern California added 34,000 housing units in the year ended July 1, 2016, to 6.4 million. Yes, Southern California’s new housing in 2016 approximates the combined additions in Alabama, New Jersey and Wisconsin. But the 0.53 percent increase last year — yes, better than 0.41 percent average annual rate in the previous five years — again trails the U.S. pace.

View Article