Source: Los Angeles Times
News
May 8, 2017

Developers are now adding homes, relative to population growth, at a far higher pace than in recent years. But it’s still below what experts believe would be enough to keep up with California’s growing population, which topped 39.5 million last year.

News
May 8, 2017

A measure that would allow local governments to force developers to include more low-income housing within their projects passed the Assembly Thursday.

Assemblyman Matthew Harper (R-Huntington Beach) argued that the bill would raise costs for developers and therefore reduce their ability to produce the broad housing stock the state needs to control prices.

News
April 28, 2017

In the span of a few decades, Los Angeles area construction went from an industry that was two-thirds white, and largely unionized, to one that is overwhelmingly Latino, mostly nonunion and heavily reliant on immigrants, according to a Los Angeles Times review of federal data.

At the same time, the job got less lucrative. American construction workers today make $5 an hour less than they did in the early 1970s, after adjusting for inflation.

News
April 20, 2017

About 60% of adults and 66% of public-school parents in a new poll said they favored vouchers that parents could use for their children's education at any public, private, or parochial school. Republicans (67%) were more likely than independents (56%) and far more likely than Democrats (46%) to hold that view. Across racial and ethnic groups, 73% of African Americans, 69% of Latinos, 56% of Asians and 51% of whites supported vouchers.

News
April 14, 2017

Retail sales fell a seasonally adjusted 0.2% last month, the Commerce Department said Friday, after a revised 0.3% decline in February. But over the last 12 months, retail sales have risen 5.2%, a sign that that the economy remains on stable footing.

Still, there are indications that consumers are growing more cautious even though the unemployment rate declined in March to a low 4.5%. Steady job growth as the recovery from the Great Recession nears its eighth year and a bump in consumer sentiment following President Trump's presidential election have yet to strengthen spending much.

Since the start of 2017, Americans have actually cut back on purchases at auto dealers and restaurants and bars, two major sources of sales gains in prior years. Sales dipped 1.5% last month at auto dealers and 0.6% at restaurants and bars. It was the second straight monthly drop in sales for both categories.

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