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As shown in Table 7, Pleasanton has experienced a dramatic increase <br />in the total number of housing units over the last twenty years. <br />From 1960 to 1980, the housing stock grew almost 800% reflecting <br />the la~ge population growth during that same period. During the <br />last five years, housing growth has slowed to a rate of only <br /> <br />200-300 units per year. This slower rate has been primarily due <br />to Pleasanton's growth management program and the recessed <br /> <br />housing market. <br /> <br />The housing stock has been mainly composed of single-family units. <br />A relatively small percentage has consisted of multi-family units <br />and mobile homes. High inter~st rates and general market condi- <br />tions have made multi-family units, especially apartments, less <br />profitable than single-family homes. This trend is continuing <br />today as most new projects in Pleasanton are single-family <br />detached home subdivisions. <br /> <br /> <br />