New Report Shows Need for More Housing Over Next 15 Years

The respected, nonpartisan Public Policy Institute of California today released a report highlighting how California's continued growth will place further demands on the state's infrastructure needs - including new housing.

After the elderly, adults in their late 20s and early 30s will be the fastest-growing age group. Between 2009 and 2025, the number of adults ages 25 to 35 will increase by almost one-third. This is the age at which young adults typically get married, start families, and establish their own households—driving up housing demand.

Given that it often takes 10 years or more before a proposed new-housing community moves from an idea to reality - due to the state's cumbersome planning process and the ever-present threat of litigation - it's critical that builders and local governments begin planning today for the wide range of housing that will be needed for the Californians of tomorrow.

The report includes highlights of other growth factors, including where the biggest population increases will take place and the changing demographics of the population. You can download it (PDF) here.