shortfall of homes for Californians

During the past decade California has built an average of 80,000 homes annually, but to keep pace with demand, it should have built 180,000 homes per year. This represents a shortfall of over 1,000,000 homes, and part of the reason is the average price of a home in California is $440,000. It is worse in the Bay Area, averaging around $927,500, ranging from $560,000 in Contra Costa County to $1,204,000 in San Francisco. No wonder a recent Bay Area Council poll showed that 40% of Bay Area residents are considering moving elsewhere! (Bay Area News Group, May 17, 2017)