Who are we?
Housing for California is an initiative of the California Association of REALTORS® to support policies that help Californians live and work in the same community. California is the land of opportunity and prosperity, yet ranks last in the nation in housing affordability, in large part due to lack of supply. Join us to urge our elected officials and policymakers to embrace solutions to California’s housing shortage and reject misguided policies that make home affordability out of reach for millions. Together, we can make housing for all a reality. Watch the video for more on why we must get serious about California’s housing supply crisis.
Increasing the Housing Supply Helps All Californians
THE HOUSING SHORTAGE COSTS CALIFORNIA $140 BILLION PER YEAR
California’s housing shortage costs the state more than $140 billion per year in lost economic output, including lost construction investment as well as foregone consumption of goods and services because Californians spend so much of their income on housing. (A Tool Kit to Close California’s Housing Gap, McKinsey Global Institute, October 2016)
THE HOUSING SHORTAGE INCREASES HOME PRICES
The median California home costs $706,900, a little more than two-and-a-half times the average national home price ($304,100). (California Association of REALTORS®, National Association of REALTORS®)
THE HOUSING SHORTAGE CREATES AN AFFORDABILITY CRISIS
California’s lowest income renters spend a median of 68% of income on rent, leaving them with little money for other basic necessities, including food, health care and transportation. (Confronting California’s Rent and Poverty Crisis: A Call for State Reinvestment in Affordable Homes, California Housing Partnership Corporation, April 2016)
A California Association of REALTORS® Center for California Real Estate White Paper reveals how rent control further cripples California’s housing supply. Read more about how it hurts low-income families and increases costs for renters.
The first step in reversing California’s housing supply crisis is educating local elected officials about the problem. Click the button below to learn how you can take action.
The solution is simple – we need more housing, and we need it now.
California policymakers must embrace solutions that work to put people back on track to afford to live in the communities where they work.