California Housing Crisis Deepens as Population Grows in Most Cities
Some statistical reports on Monday showed that California's housing crisis is deepening with its sudden growth in population. Last year, the population of California grew to 39.1 million and that's when it hit the housing. The increase of 348,000 people was about one percent.
Last year, there was a drop in the new housing units in California. That happened for the first time after the economic recovery started. The reason behind it was mainly wildfires which burnt two thousand or more homes.
The housing supply in California grew by 67,110 units compared to a boost of 69,435 units in 2014. According to the California Department of Finance, the new housing units would match the numbers that were noted the year before, in case wildfires in Lake and Calaveras counties did not destroy homes.
Los Angeles saw the maximum growth in housing, where 12,224 new units were added. The largest city in the state was followed by San Francisco, San Jose and San Diego.
In almost all the 482 cities in the state population grew with forty four only noting a shrink. The small Tehama County in northern California had its population unchanged.
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