Newsroom for Los Angeles Real Estate and Construction Businesses
First-time homebuyers hit a median age of 33 in Q1 2026, down one year from prior periods and two years younger than 2000 levels, per AEI analysis of Federal Reserve credit data.
Jun 8, 2026
US 30-year mortgage rates fell to 6.48% from 6.53%, retreating from a nine-month high driven by Iran war's impact on oil prices and inflation expectations.
Jun 8, 2026
California ballot measure allows legislature to expand wealth tax from billionaires to homeowners, overriding Proposition 13 protections. Six billionaires already fled, costing $27 billion in potential revenue.
Jun 7, 2026
South Valley issued 361 single-family and duplex permits in 2025 versus North Valley's 239. LA's citywide rebound to 1,775 permits was driven by 600 fire rebuilds, masking continued construction weakness.
Jun 3, 2026
Young adult homeownership fell 11 percentage points since 2005, double official measures, because traditional statistics ignore millions living with parents or roommates who never formed independent households.
May 31, 2026
Federal Home Loan Banks invested $147 billion in housing since 2015, helping nearly 248,000 units. Rising costs doubled homeownership grants to $14,000, limiting reach despite increased funding.
May 31, 2026
Southern California homebuyers' monthly mortgage payments surged 96% during Jerome Powell's eight-year Fed tenure, reaching $3,931 by March 2026, while wages grew just 39%, creating severe affordability challenges.
May 31, 2026
San Francisco rents jumped 16% to nearly $4,000 monthly as AI hiring explodes. Homes sell in 12 days, often 20% over asking, creating a housing crisis where $160,000 annual income is needed.
May 31, 2026
California lawsuit seeks to freeze $3.2 billion in school modernization funding, arguing current allocation system favors wealthier districts. Court injunction could delay hundreds of projects statewide and disrupt construction industry pipelines.
May 31, 2026
California's labor force participation fell to 61.5% in April 2026, but employment remains at 18.1 million. The report warns job uncertainty will persist through 2026, reducing real estate transactions.
May 31, 2026
California's job growth collapsed to 0.1% annually through March 2026, down from 1.8% in 2019, driving a real estate recession expected to persist until 2028 or beyond.
May 25, 2026
Los Angeles opens first D Line subway extension section with 3.9 miles of rail and three stations designed by Parsons, signaling sustained demand for underground transit construction nationwide.
May 25, 2026
Los Angeles issued 5,394 building permits in April 2026, down 7.5% from March's 5,831 and 1.8% below April 2025, reflecting cautious market conditions amid higher fees and stricter energy codes.
May 25, 2026
