An analysis by the San Diego Regional Chamber of Commerce and Greater San Diego Association of REALTORS® finds the region’s housing crisis is on track to get much worse by 2020, driving even more seniors and families out of the Golden State and hurting our local economy.
The “Housing Scorecard” compares the progress of each of the 18 cities and the County of San Diego in permitting the construction of new homes and provides an accurate depiction of how the housing market is impacting San Diegans.
For several years our region’s leaders have researched, discussed and debated the shortage of available housing for the growing population. A new study released July 15, 2016, by the San Diego Regional Chamber of Commerce and authored by Gary London of The London Group finds that the shortage has become an impending economic crisis as well.
In an effort to drive the conversation about the region’s ongoing housing shortage crisis, the San Diego Regional Chamber of Commerce has released a study authored by Gary London of The London Group on the implications of not meeting regional housing demand. The study confirms that the San Diego region is failing to develop the number of multifamily and single family homes needed by 2020 to accommodate population growth. Of the required annual growth, only 64 percent of single family homes and 44 percent of multifamily units have been added.