New Study Details San Diego Housing Crisis – NMP Skip to main content

New Study Details San Diego Housing Crisis

Jul 14, 2017
San Diego can expect to see an exodus of seniors and families over the next three years due to the severity of the local housing market, according to a new report from the Regional Chamber of Commerce

San Diego can expect to see an exodus of seniors and families over the next three years due to the severity of the local housing market, according to a new report from the Regional Chamber of Commerce.
 
“We’ve got a critical shortage right now with only about 50 percent of the stock that we need being built, and it all goes back to government and regulations,” said Jerry Sanders, the Chamber’s President and CEO, in an interview with KPBS. “We’re losing young folks and seniors at a fairly rapid pace out of San Diego. We’re seeing a much larger percentage of San Diegans paying well over 30 percent of their income for housing.”
 
The new report, titled “The Housing Scorecard,” measured new home construction in the 18 cities within San Diego County and concluded that new housing is being aimed at prospective buyers with above-average incomes. Several cities within the region failed to see any new home construction during the past six years for residents in the low- to moderate-income brackets. The median price for a single-family home in San Diego County was $612,000 in May, while the average cost of a two-bedroom rental was more than $2,200 a month.
 
“This is an economic crisis right now,” said Sean Karafin, the Chamber’s Vice President of Public Policy and Economic Research, and the author of the report. “Our employers consistently tell us at the Chamber that they can’t retain or hire good talent.”

 
About the author
Published
Jul 14, 2017
July CPI Eases Mortgage-Rate Risk, But Doesn’t Promise Relief

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year

Aug 13, 2026
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026