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
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Jun 17, 2026
Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power

Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Jun 12, 2026