At the Assembly Informational hearing on Affordable Housing (Committee on Housing and Community Development), CIRB historical permit statistics were shared in a testimony by Carol Galante, an I. Donald Terner Distinguished Professor in Affordable Housing and Urban Policy at UC Berkeley.
CIRB data shows that approximately 85,472 new units were constructed in 2013 and 85,356 in 2014, which, according to Galante’s analysis, is not enough to sufficiently meet the current housing demand of “200,000 new units produced per year”due to population growth. She also indicated that “millennials are not buying homes,” which drives up rent prices exponentially. (Click here to watch the entire the Assembly hearing.)
These same annual housing statistics were indicated in a March 18th KCRA article, entitled, Drought doesn't slow California's housing growth. According to the news report, which sourced the California Homebuilding Foundation (CHF), “local government issued permits for 85,000 new homes in 2014, about the same as the year before.”
Marking almost 4 years of a statewide drought, building activity appears to be progressing normally in 2015. Roger Dickinson, former California lawmaker, advocates for more “dense, urban development as a way to fight the drought,” since “such developments usually use less water for landscaping.”
The drought may not have stalled building activity, but will California meet new residential construction demands in the coming year? Find out in the monthly CIRB California Construction Review (CCR) report, which provides the most detailed, up-to-date statewide building permit statistics.
For questions on CIRB permit data, please email our research team at CHF-CIRB@mychf.org or call us at 916-340-3340.