Housing-Jobs Imbalance Continues
Nearly six years after Plan Bay Area was adopted, the nine-county San Francisco region is still woefully behind when it comes to providing adequate housing for its new workers. Since 2011, local governments have approved more than 107,000 new housing units while the region has created nearly 603,000 new jobs. That adds up to 5.6 jobs per housing unit. Is that bad? Yep. Experts say a healthy balance is about 1.5 jobs per housing unit, which means the Bay Area is worsening an already critical jobs-housing imbalance. Put another way, about a fifth of the way into Plan Bay Area;s 30-year period, the region has added almost half of its projected new jobs but permitted only 13 percent of the new housing units it needs. Each month, BIA|Bay Area tracks the region’s jobs and housing numbers and makes the data available to its members and Bay Area decision-makers. For comments or questions, contact BIA’s Lisa Vorderbrueggen at email@example.com. Click here for the chart.