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The Cities Where Job Growth Is Outpacing New Homes

Coastal metros are building more multi-family units than in the past, but it's still not enough. Meanwhile, in some Sun Belt metros, new building outpaces jobs.
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Elaine Thompson/AP

California is permitting new housing at the slowest rate since the Great Recession according to a new report released by California’s Legislative Analyst’s office, using data from the Construction Industry Research Board.

“Since 1990, only two other time periods—the first half of 1990s and the Great Recession—have had permitting declines as significant as the state has experienced over the past year,” analysts Brian Uhler and Justin Garosi write.