Despite , California has made little progress in solving its 2.5-million-home shortfall, a panel of experts told Realtors last week. California’s municipalities issue fewer than 120,000 new home permits each year, according to the Federal Reserve Bank of St. Louis. But economists estimate the state needs to build 180,000 to 300,000 homes a year. “Even with all the legislation, we’re not really getting up to snuff,” said Robert Kleinhenz, director of the Office of Economic Research at California State University, Long Beach. “There’s a lot of room for improvement.” Kleinhenz’ comment came during the Center for California Real Estate…
