Bay Area Jobs-Housing Imbalance Continues Unabated
Seven years into a 30-year regional plan for how to provide adequate jobs and homes, the San Francisco Bay Area is 111 percent ahead on jobs but remains 28 percent in the hole on housing. According to the latest jobs and housing permit data from the California Construction Industry Research Board (CIRB) and Employment Development Department (EDD,) the region in 2011 through 2017 approved 138,232 new residential units while creating 627,400 new jobs. That adds up to 4.5 jobs per housing unit, worsening an already critical jobs-housing imbalance in the nine-county San Francisco Bay Area. Click here to view BIA’s monthly illustrative chart. Click here to download the back-up data. For questions or comments, contact BIA’s Lisa Vorderbrueggen at email@example.com.