California is adding jobs and wages are going up, but a new economic review warns a housing shortage could crimp the state's economic growth.
Three new reports from Beacon Economics looked at housing, wages and migration. The studies found California continues to create jobs and attract people from other states. However, the reports also find there is not enough new housing in the pipeline.
A growing population is increasing competition for housing, which is driving up prices. That situation isn't getting any better.