Industry: Construction
News
Oct. 27, 2015
Not seasonally adjusted, the homeownership rate ticked up slightly to 63.7% from 63.4% in the last quarter–still near its lowest point in 30 years.
News
Oct. 19, 2015
In short, our analysis of the data suggests that 60% of displaced construction workers have left the labor market or moved into other industries. Although some former construction workers transitioned quickly to other sectors, for most, a move into another industry occurred after a long spell of nonemployment. Also likely contributing to a shortage of experienced workers is a shift in hiring preferences—during the downturn construction firms hired fewer young workers, fewer young workers gained experience in the industry, and the share of older workers grew faster than in other industries.
News
Oct. 19, 2015
Sancho Lopez, a Riverside police officer and homeowner in an adjacent county, experienced the problem first-hand. He and his wife financed the $40,000 cost of 21 dual-pane, energy efficient windows and two sliding doors with a PACE loan. When they decided to sell their house, their realtor warned them it wouldn’t be easy. The house sat on the market for 10 months, and it is in escrow now, Lopez said, only because he has agreed to pay off the loan balance - now $46,000 because of interest and fees.
News
Oct. 13, 2015
Home builders are facing delays and rising costs as they struggle to find enough construction workers.
News
Sept. 29, 2015
"Home prices in Los Angeles and Orange counties posted strong gains in July, rising 6.1% from a year earlier, according to a closely tracked gauge released Tuesday."
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