The 2019-20 Workforce Housing Scorecard examines and analyzes the current and projected housing trends and provides a preview of where Orange County is headed in terms of workforce housing, and how it will impact demographic, economic, and business competitiveness factors.
Orange County’s future prosperity hinges on the region’s ability to create a healthy, prosperous economy that promotes both jobs and housing, not one at the expense of the other. The Scorecard reveals which cities have struck an adequate jobs-to-housing balance, and which are falling behind.
When the inaugural Workforce Housing Scorecard was released in 2008, Orange County was near the height of the “housing bubble” and experiencing rapid acceleration of home prices. When the housing bubble burst, contributing to the “Great Recession,” the region’s economic decline, and job loss, Orange County’s housing market quickly deteriorated. The 2019-20 Workforce Housing Scorecard examines Orange County at another crucial time in the regional and state housing markets. The county’s residential real estate market and overall economy have continued to grow at a healthy clip in recent years, surpassing pre-recession highs in home values and employment levels. However, the county is still experiencing housing challenges with a high demand to live and work in Orange County, pricing out current and potential residents, and unrelenting job creation vastly outpacing the production of new housing in the region. The 2019-20 Workforce Housing Scorecard assesses the future of housing and business competitiveness, identifying challenges and opportunities ahead in supplying a range of high-quality, affordable housing options for Orange County’s workforce.
Previous Housing Scorecard Editions:
Download the 2015 Workforce Housing Scorecard here
Download the 2012 Workforce Housing Scorecard here
Download the 2008 Workforce Housing Scorecard here
