California is losing population and adding housing units, but housing costs are still sky-high, and experts don't expect that to change anytime soon.
Many Californians in the counties with the most affordable housing will be most at risk for extreme heat in the decades to come, according to a Times analysis.To some extent, the current level of housing construction serves as a lid for how many people live in California, because there’s a limit to how much people can, or want to,But there’s still high demand to live in a state with a temperate climate, diverse economy and 1,200 miles of coastline.
Some might be short-lived. As the pandemic wore on, many young adults — tired of being cooped up with others and armed with stimulus checks — moved out of shared living situations and found places of their own. According to the state Legislative Analyst’s Office, California added about 120,000 homes each year between 1980 and 2010 and saw home prices grow from 80% higher than the nation80% higher than in the U.S. as a whole, California needed to build at least 70,000 more homes annually than it did, the study found.
“A couple of years of population loss is not going to be enough to offset three decades or more of under supply,” said Brian Uhler, a deputy with the Legislative Analyst’s Office. “There are three primary solutions” to our housing crisis, Johnson said. “One, build more housing. Two, build more housing. Three, build more housing.”It’s unclear. Predicting requires a variety of assumptions on construction, birth rates, immigration policy and numerous other factors.
Schwarm said Census Bureau data released last week indicate L.A. County might see a slightly smaller decline than 18% by 2060, but the population loss should still be significant.
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