California Is Building More Housing. But Is It Becoming More Affordable?

It’s striking to see that California has increased annual home construction by 59% since 2018, with more than 682,000 homes added since 2019—including a notable rise in multifamily units. Yet, even with this impressive growth, only 19% of households can afford the median home. As someone who believes in innovative solutions and goes the extra mile when marketing properties, I see firsthand how these numbers reflect the real challenges many face in finding affordable options. It’s a reminder that while we’re making progress on volume, true accessibility and affordability remain the next hurdles to overcome.