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From KQED.

I'm Alexis Madrigal, welcome to Forum.

There are many things wrong with housing in California, but first and foremost among them is that the prices of all kinds of housing are just so, so, so high, even relative to similarly prosperous states.

Among the reasons for that is a basic one, the production of housing, apartments and homes,

has not kept pace with the number of jobs that companies have added to their roles.

The imbalance has been a known problem for decades, but single-family homeowners, especially

in rich areas, have benefited from restricting the housing supply, and that's made political

change difficult.

Things have gotten bad enough that legislation is finally starting to move through,

and we'll discuss three new bills signed by Governor Newsom that could add hundreds of thousands

of units in California over the coming years. That's all next on Forum after this news.

Welcome to Forum. I'm Alexis Madrigal. California Governor Gavin Newsom signed a set of housing bills last week that aimed to increase the state's housing inventory and meet his ambitious goals. In 2019, before the coronavirus pandemic, Newsom called for California to build roughly 500,000 new homes per year to reach 3.5 million new housing units by 2025.

That's a huge increase over the baseline, as California has on average added less than 100,000

units of housing per year for the past decade, according to CalMatters.

Experts say some of the new housing bills, SB8, 9, and 10 could usher in hundreds of thousands of new homes over time by making it easier to build more units on lots previously designated solely for single-family homes.

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