A Tool Kit to Close California’s Housing Gap

A Tool Kit to Close California’s Housing Gap

The housing shortage not only is costly for people renting or buying homes, but it also weakens California’s economy as a whole. We calculate that the housing shortage costs the California economy between $143 billion and $233 billion per year. This estimate does not take into account broader costs to health, education, and the environment, and we therefore believe that it is conservative and that the real costs are likely much higher.

Jacques Bughin, James Manyika, and Jonathan Woetzel

McKinsey Global Institute

October 2016

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By |2018-01-01T00:00:00-08:00January 1st, 2018|Affordability, Efficiency/Growth, Land Use Regulation, Reference, Reforms|