California home construction so low it will take 34 years to meet current demand

(The Center Square) — A new report from California YIMBY has found California must build 3.5 million homes by 2025 to address its housing shortage, and that governor Gavin Newsom’s housing production efforts have failed to sufficiently increase housing production, which in 2022 was just 116,000 new units of housing.
“This shortage has resulted in rising rents and prices, closed access to homeownership for many families, and forced many Californians to leave the state altogether,” the report said.
The report focuses on the relative housing underproduction rates across the state by calculating a “conversion rate” for each city and county that “compares historical rates of housi …