Perpetual Homes Builds the Future of Housing

February 2, 2024

California is facing a housing shortage estimated at 2.5 and 3.5 million homes.


America is short around six million homes, which is a big reason why home prices are still high. California is one of the most housing-constrained markets for years.


Bay Area listings in 2023 were below historical norms. There’s no reason to think that will change in 2024. California is known to build 250,000 homes per year, which has fallen exceedingly short of demand. Last year, there were only 70,000 single-family home permits issued throughout California. Sellers keep the upper hand.

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