[Source: Orange County Register] Gov. Gavin Newsom declared a state housing crisis in 2019, calling for 3.5 million new homes to meet the state’s booming economy. California business organizations joined with the Building Industry Association of Southern California, Orange County Business Council, and BizFed LA in supporting that declaration and call to action. Lack of Read More…
Tag: housing
If California’s the future, why are so many leaving?
[Source: Curbed / American real estate blog] California, many say, is the future. A center for creative industries and new technology—look at its impressive rollout of electric vehicles and autonomous cars—it’s also a diverse state, pushing progressive policies that could be models for the rest of the country. And people are leaving in droves for Read More…
California won’t meet its climate change goals without a lot more housing density in its cities
[Source: Los Angeles Times] To meet the bold new climate change goals put in place last year, California will work to put millions of electric cars on the road, revolutionize its dairy industry and generate half of all power from solar panels and other renewable sources. But those efforts will come up short, warn state Read More…
California exports its poor to Texas, other states, while wealthier people move in
[Source: The Sacramento Bee] California exports more than commodities such as movies, new technologies and produce. It also exports truck drivers, cooks and cashiers. Every year from 2000 through 2015, more people left California than moved in from other states. This migration was not spread evenly across all income groups, a Sacramento Bee review of Read More…
California jumps the shark
[Source: The Orange County Register] America may have trended toward the GOP, but California seems determined to find its own direction. The only question is, simply, how much more progressive the Golden State will become, even in the face of a far more conservative country beyond the Sierras. This election confirmed, if it was needed, Read More…
Orange County’s workforce loses Millennials who can’t afford to live here
[Source: Orange County Register] Orange County’s economy is growing, but danger signs are mounting. Jobs are expanding at a healthy clip, but many of the new positions pay poverty-level wages. Home values are surging, but an extreme shortage of affordable residences is driving young families and working-age adults out of the county. And as business Read More…
State’s environmental program helps raise $64.5 million for housing in LA
[Source: Los Angeles Daily News] Several Los Angeles-based affordable housing complexes, including Watt’s Jordan Downs, will benefit from money raised through California’s cap-and-trade program, state and local representatives said Wednesday. Jordan Downs will receive $12 million for its first phase of construction, which includes $2 million for street improvements along Century Boulevard, from a committee Read More…
Irvine’s economic success story
[Source: Orange County Register] The OC center of innovation, technology and creativity is an employment powerhouse. By night, 250,000 people call the dynamic and diverse city of Irvine home. By day, that number more than doubles. Irvine is the region’s job engine, and it’s a shiny, high-tech one that attracts a highly educated, highly skilled Read More…
California suburbs are growing, despite lack of housing
[Source: Los Angeles Daily News] Big cities are growing, but so are the suburbs, where the region’s population is flocking for a slim supply of available housing, according to an annual state report released Monday. The Golden State’s population expanded to 39.3 million residents, an increase of just less than 1 percent with Los Angeles, Read More…