While California’s economy continues to grow, the expansion has slowed considerably amid the state’s ongoing housing crisis and an ensuing labor shortage, according to a pair of reports released today by the California Apartment Association.
CAA’s Industry Intelligence Report for Northern California (available here) and a corresponding report for Southern California (available here) use both statewide and regionally specific data to explore the connections between the state’s lack of housing, a depleted workforce and dimmed prospects for economic growth. Beacon Economics prepared both reports.
According to the reports, the state has already seen a …
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