Most coastal counties are meeting or nearly meeting their production goals. On the flip side, home building in the state’s inland areas has fallen short of targets. Rather than suggesting that home building levels are sufficient in California’s coastal areas, the fact that permitting has kept pace with targets in these areas may suggest that these production goals do not reflect the full extent of demand for housing in these areas. Production goals likely need to be higher if the high cost of and intense competition for housing in these areas is to be curbed.
One perhaps underappreciated consequence of lackluster homebuilding in coastal California is that many workers are denied access to California’s high-wage job markets because they are unable to find housing. These workers are pushed to other parts California or beyond where their wages tend to be lower.
We discuss a new Census Bureau report on state poverty rates, including its Research Supplemental Poverty Measure.
We discuss a new piece, published in a major national publication, that uses Census Data to examine changes in real incomes by percentile at the state level between 1990 and 2014.
We discuss the state's economic outlook, including the administration's assessment of the near-term economic outlook in the Governor's May Revision to his 2016-17 budget proposal.
We were asked to provide an overview of state homelessness programs at a hearing of the Senate Committee on Budget and Fiscal Review.
In a follow up to California’s High Housing Costs: Causes and Consequences, we offer additional evidence that facilitating more private housing development in the state’s coastal urban communities would help make housing more affordable for low-income Californians.
We discuss a recent National Association of Counties report on county economies.
We briefly review the data concerning possible overheating in the state's housing market.
In a recent post, we noted that vacation homes are becoming more common in many parts of California. This post provides a brief update on these trends incorporating newly released data from the 2014 American Community Survey.
A look at American Communtiy Survey data shows notable movement of lower-income households from California's expensive coastal metro areas to the state's inland metro regions.
This post looks at county-level trends in vacation homes across California.
A spike in gas prices contributed to Los Angeles-area consumer prices rising substantially faster than the nation as a whole in July, according to new federal data.
We discuss one of the likely consequences of rising California housing costs: intergenerational differences in homeownership and housing costs.
Our office's May Revision economic outlook, responding to the administration's economic projections, notes that California's growth recently has outpaced the nation's.