California Housing Market
Homeownership, Housing Affordability and Challenges for California
Sustainable Homeownership Conference 2017 June 9, 2017 Joel SingerChief Executive Officer
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Our homeownership market is in trouble…
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The rental market, even with the conversion of 500,000 SFH’s, is still exhibiting inadequate supply...
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…and the state’s housing policies continue to amplify to the emerging crisis.
California’s housing dilemma
California Vs. U.S. –10.3% gap in 2016
Homeownership: Where Are We Today?
53.7%Peak: 60.2%53.8%64.5%Peak: 69.0%63.4%45%50%55%60%65%70%75%CAUS
SERIES: Homeownership RatesSOURCE: U.S. Census Bureau