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.