California Home Construction Hits 13-Year High. It’s Not Enough to Slow Skyrocketing Prices

Sacramento Bee, May 12, 2021–Tony Bizjak and Phillip Reese
Housing construction in California jumped last year to the highest level since the Great Recession, topping 100,000 new units despite the COVID-19 pandemic and a historic state population decline. But economists and housing analysts say the Golden State remains mired in a housing crisis, still unable to produce enough homes and apartments to adequately house working families and to break the cycle of escalating real estate costs.