Los Angeles Times: How to Solve California's Housing Shortage? Build 'Granny Flats' in Homeowners' BackyardsBy Liam Dillon and Andrew KhouriMultiple bills with the endorsement of Gov. Jerry Brown are moving through the Legislature to make it easier for homeowners to build small units on their properties, whether in their garages, as additions to existing homes or as new, freestanding structures.
Bloomberg: Why It's So Hard to Build Affordable Housing: It's Not AffordableBy Patrick ClarkDevelopers seeking to build for poorer renters sometimes start with low-income housing tax credits, then apply for additional funding from state or local governments. But it's no easy task.
HousingWire: Affordability Constraints Hold Back Pending Home SalesBy Kelsey RamirezDespite the slowdown from April's peak high, existing-home sales are still expected to come in at 5.44 million this year, an increase of 3.6% from 2015, the highest annual pace since 2006.
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