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  • In California, since about 1970, the cost of homes has increased more rapidly than in the rest of the nation due to an extended and increasing housing shortage, such that by 2018, California has the 49th lowest ratio of housing units per resident. (en)
rdfs:label
  • California housing shortage (en)
dbo:abstract
  • In California, since about 1970, the cost of homes has increased more rapidly than in the rest of the nation due to an extended and increasing housing shortage, such that by 2018, California has the 49th lowest ratio of housing units per resident. As the New York Times explains, California's housing issues are exemplar of those faced in many other rapidly growing urban areas across America.In 2017, the median price of a home in California was more than 2.5 times (150% greater than) the median in the U.S. as a whole, and in California's coastal urban areas, the shortage was greater than the inland areas, as demonstrated by the median prices of homes in those respective markets: $1.3M in San Francisco, $1M in San Jose, and $600k in Los Angeles, while only $250k in Fresno. In the rental market, California now has the lowest vacancy rate the state has ever seen, at 3.6%; and while the median rent throughout the state for a two-bedroom apartment is $2,400, the median rent in coastal urban areas is even higher, surpassing $4,000 per month in San Francisco.The cause is the imbalance between supply and demand; a result of strong economic growth creating hundreds of thousands of new jobs (which increases demand for housing) and the greater regulatory, zoning, and permitting requirements on the creation of new housing units in California relative to other states, (which limits supply). For example, from 2012 to 2017, San Francisco metropolitan area cities added 400,000 new jobs, but only issued 60,000 permits for new housing units. (en)
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  • 2018-04-28 05:39:12Z (xsd:date)
  • 2019-04-17 05:25:39Z (xsd:date)
  • 2019-04-17 22:58:07Z (xsd:date)
  • 2019-04-17 23:04:23Z (xsd:date)
  • 2019-04-17 23:29:59Z (xsd:date)
  • 2019-04-19 19:59:27Z (xsd:date)
  • 2019-04-19 22:04:39Z (xsd:date)
  • 2019-04-19 22:23:07Z (xsd:date)
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dbo:wikiPageModified
  • 2018-04-24 05:40:31Z (xsd:date)
  • 2019-04-17 05:08:34Z (xsd:date)
  • 2019-04-17 22:46:54Z (xsd:date)
  • 2019-04-17 22:59:47Z (xsd:date)
  • 2019-04-17 23:20:47Z (xsd:date)
  • 2019-04-19 19:56:08Z (xsd:date)
  • 2019-04-19 22:00:42Z (xsd:date)
  • 2019-04-19 22:12:20Z (xsd:date)
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  • 26 (xsd:integer)
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  • 837980912 (xsd:integer)
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dbp:caption
  • Median home prices for California and for the United States since 1940, in dollars (en)
  • New residents per new home by decade since 1940 (en)
  • Jobs per housing unit for California and for the United States since 1980 (en)
  • Persons per housing unit for California and for the United States since 1940 (en)
  • Housing Affordability Index for California and Santa Clara County since 1991 (en)
dbp:content
  • 2000.0
  • Chart|yAxisTitle=Housing Affordability index|legend=Legend|type=line |width=400 |yAxisMin=0 |yAxisFormat=% |xType=date |xAxisFormat=%y |x=1991,1992,1993,1994,1995,1996,1997,1998,1999,2000, 2001,2002,2003,2004,2005,2006,2007,2008,2009,2010, 2011,2012,2013,2014,2015,2016,2017,2018 |y1Title=California |y1=.25,.31,.36,.42,.38,.41,.42,.41,.42,.34, .35,.31,.29,.23,.18,.13,.13,.26,.55,.50, .53,.56,.44,.33,.34,.34,.32,.31 |y2Title=Santa Clara County |y2=.24,.33,.38,.43,.40,.38,.34,.31,.34,.24, .17,.29,.31,.29,.21,.15,.14,.16,.44,.34, .38,.42,.30,.22,.21,.22,.19,.17 (en)
  • Chart|yAxisTitle=Median Home Value|legend=Legend|type=line |width=400 |showSymbols=true |yAxisMin=0 |xType=date |x=1940,1950,1960,1970,1980,1990,2000,2007,2008,2009,2010,2011,2012,2013,2014,2015,2016 |y1Title=California |y2Title=United States |y1=, , , , , , , , , , , , , , , , , |y2=, , , , , , , , , , , , , , , , , (en)
  • Chart|yAxisTitle=Emlpoyed persons per Unit of Housing|legend=Legend|type=line |width=400 |showSymbols=true |yAxisMin=1 |xType=date |x=1980,1990,2000,2010,2011,2012,2013,2014,2015,2016,2017 |y1Title=California |y1=10761561 / 9279041, 15164991 / 11182513, 14359864 / 12214550, 16090440 / 13680081, 16235500 / 13728565, 16602505 / 13771415, 16987525 / 13828139, 17367972 / 13907147, 17735253 / 13986399, 18060098 / 14078685, 18419983 / 14176670 |y2Title=United States |y2=99233000 / 88410627, 118852000 / 102262201, 137270000 / 115904472, 139297000 / 131704730, 139524000 / 132321030, 142292000 / 132843303, 144264000 / 133549872, 146401000 / 134401303, 148830000 / 135299886, 151484000 / 136312356, 153511000 / 137403460 (en)
  • Chart|yAxisTitle=Persons per Unit of Housing|legend=Legend|type=line |width=400 |showSymbols=true |yAxisMin=2.2 |xType=date |x=1940,1950,1960,1970,1980,1990,2000,2010,2011,2012,2013,2014,2015,2016,2017 |y1Title=California |y1=6907387 / 2340373, 10586223 / 3590660, 15717204 / 5465870, 19971069 / 7000174, 23667764 / 9279041, 29758213 / 11182513, 33871653 / 12214550, 37253956 / 13680081, 37676861 / 13728565, 38011074 / 13771415, 38335203 / 13828139, 38680810 / 13907147, 38993940 / 13986399, 39296476 / 14078685, 39536653 / 14176670 |y2Title=United States |y2=132164569 / 37478714, 151325798 / 46137076, 179323175 / 58326357, 203302031 / 68704315, 226542199 / 88410627, 248718302 / 102262201, 281424603 / 115904472, 308745538 / 131704730, 311644280 / 132321030, 313993272 / 132843303, 316234505 / 133549872, 318622525 / 134401303, 321039839 / 135299886, 323405935 / 136312356, 325719178 / 137403460 (en)
dbp:date
  • December 2018 (en)
dbp:reason
  • Some of the statements in the preceding paragraph are supported by the CALAO reference, but most SPECIFIC claims/explanations are not, and should have references. They are likely true, but should have sources. (en)
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