Housing production over the last decade fell more than 100,000 new homes short of demand and continues to lag, leading to surging prices at all income levels.
The state’s homeownership rates are at their lowest since the 1940s.
One-third of the state’s renters spend more than half their income on housing costs.
California has 12% of the nation’s population, but 22% of the country’s homeless population.
“What the report tries to get at is that the facts on the ground for a typical California family are really as bad as they’ve ever been in the state’s history,” said Ben Metcalf, director of the Department of Housing and Community Development.
California's 2018 race for governor may still be in its infancy, but the competition for campaign donations is well underway.
Democratic Lt. Gov. Gavin Newsom, who launched his bid in January 2015, on Tuesday announced he raised $2.7 million during the second half of 2016. Newsom also reported having $11.5 million cash on hand, which includes money socked away in his old campaign account for lieutenant governor.