Last night I wrote a post about the number of housing units in the United States. It's all correct. Unfortunately, I also talked about about housing units in California. When I went back today to take a more detailed look at California, I realized that I had transposed a couple of numbers in yesterday's post, making it completely wrong.
Here's the corrected data for California:
For the nation as a whole, the ratio of housing units to households dropped from 117.8% in 2011 to 111.8% in 2021.
I'm using slightly different years for California (our peak was in 2010 and data is available only through 2020) but it doesn't affect the basic conclusion: California's housing ratio is lower than the national average, but not by a lot.
Maybe later I'll take a look at the current ratios for each state. It all depends on how interested I stay in this topic.
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Thanks for the update.
How much "excess" housing is normal churn in the markets?
Hmmm...I guess I could play...
https://www.statista.com/topics/1618/residential-housing-in-the-us/#dossierKeyfigures
I still won’t move to California for a job. Retire in Palm Springs?
Look into Santa Cruz. I think it's gotten very expensive, but seems to me much better to be near a good university and in a culturally much more interesting area.
That would scare our resident racist.
Look into Santa Cruz. I think it's gotten very expensive...
Ya think?
One thing I'm a little confused by... if a "household" is a group of people living together, then don't we have exactly as many dwellings as we have households? How can it be !10% or whatever???
I would think three otherwise unrelated roommates would be three households.
So an unmarried couple living together is two households?
No.
Depends on whether they commingle their stuff. Just because you rent a room with someone doesn't mean you're in their household,
Also, houses don't always have households in them: vacation rentals, second homes, etc.
Pingback: Yet more about housing in the United States – Kevin Drum
On a related note, the house party set for Dr. Dre's Super Bowl half-time show just sold for three million dollars... as a multifamily housing.