New study shows new housing construction on parts of the South Coast well below national average
Research shows the number of housing units for the Oxnard-Thousand Oaks-Ventura metro went up by 3.6% from 2010 to 2020, compared to 6.5% nationally.
A new study by a housing research company shows that new housing construction during the last decade was around half of the national average.
The report by Stessa shows that from 2010 to 2020, the Oxnard-Thousand Oaks-Ventura metro had a 3.6% increase in new housing. The national average for the same period was 6.5%. It notes that for the Ventura County metro, just over 10,000 new units were built during the time period.
The study shows that between 2010 and 2020, population growth outpaced new housing construction. In fact, North Dakota is the only state with housing growth above 20% over the last decade.