Report Recommends Significant Reforms to Address Housing Crisis

A report issued this week by the McKinsey Global Institute (MGI) estimates that California’s housing supply has fallen several million homes short of meeting current demands on a per capita basis, siting undersupply as the root cause of rising home and rental prices. 

The MGI report recommends that the State build roughly 3.5 million homes by 2025.  To help close this housing gap, MGI recommends 15 policy solutions primarily focused on local land use decisions, total cost of construction, and the role of the State to address housing production.  The complete list of recommendations and full report details can be accessed here.