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This graphic shows the year that cities around the San Francisco Bay Area are projected to reach their 2040 housing targets as defined in Plan Bay Area 2040 (housing units needed to provide sufficient housing for the projected population growth) - in 2018, San Francisco was projected to be 23 years late to meet its 2040 target. In addition, the San Francisco Chronicle notes that:
"Every single county is over-performing its job forecast, some by massive amounts, and every single county is under-performing its housing forecast, almost all by a wide margin," MTC director Steve Heminger said in his report to the Association of Bay Area Governments executive board last month.[1]
Starting in the 1990s, the city of San Francisco and the surrounding San Francisco Bay Area have faced a serious housing shortage. Such is that in October 2015, San Francisco had the highest rents of any major US city.[2] San Francisco has the slowest permitting process of any large city in the United States. The first stage can take an average of 450 calendar days, and the second stage taking 630 days for typical multi-family housing, or 860 days for a single-family house,[3] and the second-most expensive construction costs in the world ($473 / sq. ft.).[4]
The nearby city of San Jose, had the fourth highest rents, and adjacent Oakland, had the sixth highest.[2] Over the period April 2012 to December 2017, the median house price in most counties in the Bay Area nearly doubled.[5] Late San Francisco mayor Ed Lee called the shortage a "housing crisis",[6] and news reports stated that addressing the shortage was the mayor's "top priority".[7] The Bay Area's housing shortage is part of the broader California housing shortage.
^Ioannou, Filipa (2018-06-28). "It'll take this Bay Area city 966 years to meet its 22-year housing goal". San Francisco Chronicle. Archived from the original on 2018-07-06. Retrieved 2018-08-20.
^ abElsen, Tracy (September 3, 2015). "San Francisco's Median Rent Hits Yet Another New High". SF Curbed. Archived from the original on 2016-02-26. Retrieved 23 December 2015.
^Gardiner, Dustin; Neilson, Susie (2022-12-14). "627 days, just for the permit: This data shows the staggering timeline to build homes in S.F." San Francisco Chronicle. To build housing in San Francisco, developers must first receive planning approval, known as entitlement, to ensure the city supports the type, size and design of housing proposed for a site. This part of the process took an average of 450 days over the last 18 months, according to recent data from the state. Then comes post-entitlement — the focus of The Chronicle's analysis ... The typical applicant currently waits a staggering 627 calendar days before obtaining a full building permit from the city to construct a multifamily housing project, and 861 days before gaining the same approval for a single-family residence, the analysis found.
^"San Francisco metro area's new apartment construction on the decline". Axios. 2023.
^"Bay Area homes deliver record-breaking returns". The Mercury News. 2018-02-28. Retrieved 2018-03-01.
^Coté, John (January 17, 2014). "Sneak peek: Mayor Ed Lee has a housing solution". San Francisco Chronicle. Archived from the original on 2014-02-03. Retrieved 23 December 2015.
^Tyler, Carolyn (January 15, 2015). "San Francisco mayor focuses on housing crisis in State of City speech". ABC 7 News. Archived from the original on 2015-03-25. Retrieved 23 December 2015.
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