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Ease the O.C. housing crisis by allowing development on small lots - Daily Pilot Pagel of 3 <br />Commentary Ease the O.C. housing crisis by <br />allowing development on small lots <br />The Rancho Mission Viejo neighborhood of Sendero near San Juan Capistrano. One way to ease Orange County's housing supply <br />shortfall is small -lot development, Steven LaMotte writes. (Mark Boater / Los Angeles Times) <br />By Steven LaMotte <br />SEPTEMBER 5, 2017, 12:25 PM <br />The Orange County housing story continues to read the same: low supply, high demand and <br />increasing costs. The Orange County Business Council puts the housing supply shortfall at <br />50,000 to 62,000 units per year. And, just recently, the O.C. Register reported that home <br />listings were at a four-year low in Orange County and throughout Southern California. <br />At the state level, the Department of Housing and Community Development's recently released Housing <br />Assessment Report predicts that California will need 1.8 million units by 2025, or t8o,000 new units <br />annually, to meet population and household growth. <br />Undoubtedly, the cost to buy a home continues to rise. In March, the Saddleback College South Orange <br />County EconQQomic Report placed the 2oi6 O.C. median home price at $728,500, with the average sales <br />Su rt prl� usultU b rily gi icng up to 5TfJ%1I1 W-)Cr7. <br />http://www.latimes.com/socal/daily-pilot/opinion/tn-dpt-me-commentary-sunday-2017090... 12/5/2017 <br />