The state has the distinction of being the least-affordable in the nation, according to a new report from the California Building Industry Association.
"According to the CBIA, 20 of the nation's 21 least-affordable metropolitan areas are in California, and all of them have less than 10 percent affordability."
The only non-California in the top 20 is New York, at 11.
"Los Angeles-Long Beach-Glendale area ranked as the worst metropolitan area with only 1.9 percent affordability. Nationwide, the affordability index is 40.6 percent. In California, only Butte County at 25.3 percent is above 20 percent."
While the majority of Californian's still own their homes, the average ownership rate of 57 percent is still 13 points lower than the nationwide average.
A supply shortage combined with a booming economy and population are major factors in the sky-rocketing appreciation.
"Homeowners have made a great deal of money in terms of the equity in their houses," said Metrostudy director Steve Johnson. "But they will spend it visiting their children and grandchildren in other states."
Read the full story: CBIA home picture bleak
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.
California city breaks ground on transit connector
The project includes three mobility hubs and a pedestrian bridge.
After public outcry, Massachusetts city releases housing development tracker
Cambridge’s tracker currently shows 250 housing projects in various stages of development.
40 years after approval, Chicago breaks ground on new park
The park honors Jean Baptiste Point du Sable, the city’s first permanent non-native settler.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority