Builders catching up to Southern Calif’s housing shortage?

Southern California builders are putting a dent in the regional housing shortage, selling new homes at a pace not seen in nine years. CoreLogic data shows 18,117 new residences sold in the 12 months ended in May across the four counties covered by the Southern California News Group. That’s the best performance since January 2009, and it’s up 7.7 percent in a year.

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Source: OC Register