Southern California Real Estate and Neighborhoods

Southern California Housing Creation Picks Up the Pace

Southern California Housing Creation Picks Up the Pace

While Southern California is still not creating enough housing to make a dent in the housing crisis, the pace of housing creation has increased.

Overall, Southern California created 34,000 housing units, a yearly increase of 0.53%. Yet, this represents a 29% increase over the 0.41% average increase in housing units from 2010-2015.

Regionally, the amount of housing added varied with Orange County leading the way and Riverside, surprising, suffered a slowdown from the preceding 5 years.

Orange County – 9,200 units – an increase of 0.85% vs. 0.59% 2010-15.

Los Angeles County –  16,600 units an increase of 0.47%  vs. 0.33%  2010-15.

Riverside County – 4,600 units – an increase of 0.56% vs 0.62% 2010-15.

San Bernardino County – 2,600 units – an increase of 0.37% vs. 0.33 % 2010-15.

Ventura County – 1,000 units – an increase of 0.34% vs. 0.29%  2010-15.

While the quickening pace should be heartening to struggling would-be homeowners and renters, Southern California’s pace lags the national pace of 0.68% and significantly lags Texas with its 1.58% increase. In fact, Texas added more housing just last year than Southern California added in the preceding six.

Southern California can’t match nation’s new housing pace

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