El Dorado Business Alliance
El Dorado Business Alliance -- Developing Mutual Support on Community-Wide Issues -- P.O. Box 121, Shingle Springs, CA 95692

Traffic & Housing Facts

Traffic Facts  California is dead last among the states in per capital spending on highways.  Statewide transportation is considered by many to be at “crisis” level.  California adds about 500,000 vehicles annually to our roadways and California’s population grows by about 500,000 people annually.  Over the past 20 years vehicle-miles of driving has doubled.  Fuel consumption of gasoline has been declining overall due to more fuel-efficient vehicles –which has resulted in less tax revenues collected per vehicle miles driven. Housing Facts  As of November 2004 only 19% of households in California could afford a median-priced home (down 6% from the prior year). In Sacramento only 24% of households could afford a median-priced home.  The minimum household income needed to buy a median-priced home (of $473,260) in California last November was $109,670 assuming a 5.70% interest rate with 20% down). The minimum household income needed to purchase a median-priced home (of $188,200) in the U.S was $43,610.  In 2005 new home construction in California isn’t meeting State housing needs, falling short by nearly 40,000 units.
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