Housing Stock Falling Further Behind Demand, Creating a Worsening Crisis, Demographic Experts Say

Demographic experts warn that Southern California’s housing crisis will only worsen until and unless there is a significant increase in the number of new homes built.

Speaking at the 30th annual Demographic Workshop sponsored by the Southern California Association of Governments (SCAG) and the University of Southern California’s Sol Price School of Public Policy, researchers said housing supplies aren’t keeping pace with a growing population and other factors that have increased demand and pushed costs skyward.

The Workshop, “The Impact of Census 2020 & Connect SoCal on Our Future,” examined a variety of topics related to shifting demographics and population growth in the six-county region. One of the fastest-growing population centers in the United States, Southern California is expected to add 3.5 million to 4 million residents over the next quarter century.

Read the full PRESS RELEASE: Housing Stock Falling Further Behind Demand, Creating a Worsening Crisis, Demographic Experts Say