Housing Imbalance Enters 82nd Straight Month
The numbers are in for October and the San Francisco Bay Area dug itself deeper into its housing hole for the 82nd month in a row. Since the nine-county region’s 30-year planning period began in January 2011, it has added 609,500 new jobs but only permitted 132,778 new residential housing units — that adds up to 4.6 jobs for every 1 housing unit. INSERT GRAPHIC. Experts say a healthy jobs-housing balance is 1.5 jobs per home. Put another way, a fifth of the way into Plan Bay Area's 30-year timetable, the region is 109 percent ahead of its job projections but 29 percent in the red when it comes to providing adequate housing. Click HERE to download and view the numbers.