The myth of long-term housing “underproduction”

By Tim Redmond : 48hills – excerpt

Mission-Bay-at-Third

New Mission Bay condos on Third Street next to the T-Line near the ballpark, by zrants

Has California—and SF—failed to build housing for the past 50 years? The data show otherwise

In an interview with Phil Matier on CBS April 1, State Sen. Scott Wiener repeated a line I’ve heard from him, and from many others in politics and the news media, over and over:

“There’s a reason we don’t build much housing,” he said, “and it’s been that way for 50 years.”

This is one of the central pieces of the housing market mythology that defines the debate over SB 827 and the larger question of development policy in the city, the region, and the state.

And when you look at the actual facts, it doesn’t seem to hold up…

Here’s how Fernando Marti, co-director of the Council of Community Housing Organizations, puts it:…

What the data shows is that, while the rate of production generally tracked population growth, often faster, it crashed in 2008, and even with the booming economy, it hasn’t come back. The sooner we start understanding what’s really been happening since 2008, rather than blaming a fictitious “50 years of underproduction,” the sooner we can get to real solutions that matter.. (more)

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