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VIDEO | 04:21
LA Times Today: California is building fewer homes. The state could get even more expensive

LA Times Today: California is building fewer homes. The state could get even more expensive

Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the Spectrum News App. Palos Verdes Peninsula and Orange County viewers can watch on Cox Systems on channel 99.

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As California continues to grapple with its ongoing housing crisis, some developers have made the difficult decision to scale back their construction plans, meaning rent and housing costs could rise.

L.A. Times housing market reporter Andrew Khouri brought Lisa McRee the story.

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