There's a new report on the housing situation in Los Angeles and Ventura counties—and the news ain’t good. From the Los Angeles Economic Development Corp's study:
If Ventura County added housing at the same rate that the population grew from 1990 to 2006, 50,657 new homes would have been built. The report found that the county was 8,548 homes short of that goal. Los Angeles County was 291,995 homes shy of its estimated total. Despite the fact that more homes are sitting on the market and new development is slowing, the demand for housing is still here, notes the Ventura County Star article, but fewer and fewer people can afford to buy what's available.
· Lack of Housing Expected to Get Worse in County [Ventura County Star]