California ranks 49th in the nation for housing per capita, highlighting how seriously state policy makers need to take the state’s housing crisis, gubernatorial candidate Lt. Gov. Gavin Newsom said this month.

The ranking comes from a 2016 report from McKinsey Global Institute titled “A Tool Kit to Close California’s Housing Gap: 3.5 Million Homes by 2025.”

In it, McKinsey found that only Utah has produced fewer houses per capita than California and estimated that the state needs to crank out…

Source: http://feeds.bizjournals.com/industry_21

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