California Governor Signs Into Law 31 New Housing Bills

California’s housing shortage is decades old and getting worse. Housing supply is limited and increasingly less affordable in the Golden State due to pressures such as population growth, high land costs, NIMBYism and significant regulation applicable to new development. California ranks among the three states with the highest rate of renters compared to owners, and over the past decade, housing development in California grew by only 5.2%, according to census data. By comparison, housing...
By: Brownstein Hyatt Farber Schreck