California has 7th-slowest housing creation in US

"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."

"Do not forget the enormity of California's housing market. Last year, it had 13.8 million occupied housing units the highest among the states and 10% of the nation's 132.7 million units. Texas was tops at 11.4 million, followed by Florida at 9.1 million. To understand California's housing headaches, consider the additions of units as a slice of the statewide total. It adds up to a 5% California growth rate over five years the seventh-slowest among the states and well below the nation's 8% pace."

California added 639,800 occupied housing units from 2019 to 2024, the third-largest absolute increase among states but only 6% of the nation’s 9.9 million growth. California had 13.8 million occupied units last year, about 10% of the U.S. total of 132.7 million. The five-year growth rate in California was 5%, the seventh-slowest among states and below the national 8% pace. Texas and Florida added far more units (1.5 million and 1.2 million, respectively). Typical monthly housing costs in California were $2,280, the second-highest nationally and about 70% above the U.S. median of $1,340.

Read at www.ocregister.com