IS THE BIG HOUSING CRUNCH MOSTLY FICTION?

IS THE BIG HOUSING CRUNCH MOSTLY FICTION?

In some parts of California, there is definitely a housing crunch: small supplies of homes for sale, prices that escalate even when population has apparently stabilized and high prices that exclude most Californians as buyers.

But a massive, multi-million-unit shortage? Maybe not. At least, so suggests a scathing springtime report from the non-partisan acting state auditor.