Econowatch L.A. County general indicators. (Investments & Finance).

ECONOWATCH L. A. COUNTY GENERAL INDICATORS

                                                            % - from
                                         Latest   Previous  previous
                                         period     period    period

Employment (000's) (May) (1)              4,511      4,541     -0.7%
Unemployment (000's) (May)                  320        316     +1.3
Help-wanted ads index (Apr.)                 16         21    -23.8
Jobless-to-job ad ratio (Mar.) (2)           46         47     -1.9
Film permits (Apr.) (3)                   2,236      2,622    -14.7

Bankruptcies
 Chapter 7 (May)                          3,480      3,465     +0.4
 Chapter 11 (May)                            24         21    +14.3

Exports (mils.) (Apr.) (4)             $5,205.7   $5,752.4     -9.5
Imports (mils.) (Apr.) (4)            $12,193.9  $10,787.0    +13.0
Air Cargo (5)
 LAX (June)                               171.3      163.7     +4.6
 Burbank (Apr.)                             3.6        6.2    -42.0
Container volume (6) (000's)
 Long Beach (May)                         428.0      410.2     +4.3
 Los Angeles (May.)                       536.5      531.2    +10.4
Los Angeles CPI (Apr.) (7)                179.8      178.1     +0.9
Electricity Accounts (000s) (8)
 Residential (May) 7                      1,219    1,217.0     +1.1
 Commercial (May)                         174.8      177.9     -1.7
 Industrial (May)                          15.3       15.3      0


                                           Year   %+ from
                                            ago  year ago

Employment (000's) (May) (1)              4,613     -2.2%
Unemployment (000's) (May)                  248    +29.0
Help-wanted ads index (Apr.)                 23    -30.4
Jobless-to-job ad ratio (Mar.) (2)           67    -31.4
Film permits (Apr.) (3)                   2,485    -10.0

Bankruptcies
 Chapter 7 (May)                          3,970    -12.3
 Chapter 11 (May)                            34    -29.4

Exports (mils.) (Apr.) (4)             $5,505.1     -5.4
Imports (mils.) (Apr.) (4)            $11,645.2     +4.7
Air Cargo (5)
 LAX (June)                               170.3     +0.6
 Burbank (Apr.)                             5.8    -37.9
Container volume (6) (000's)
 Long Beach (May)                         367.6    +16.4
 Los Angeles (May.)                       435.2    +23.3
Los Angeles CPI (Apr.) (7)                176.6     +1.8
Electricity Accounts (000s) (8)
 Residential (May) 7                    1,210.0     +0.7
 Commercial (May)                         173.8      1
 Industrial (May)                          15.6     -1.9

REAL ESTATE

                                                            % - from
                                         Latest   Previous  previous
                                         period     period    period

Construction lending (mils.) (Apr.)      $214.1     $171.8    +24.6%
Property acquisition lending           $3,106.1   $2,295.9    +35.3
(mils.) (3) (Mar.)
Refinance lending (mils.)              $7,942.7   $7,028.5    +13.0
 (Mar.) (10)
Foreclosures
 Number (Apr.)                              752        584    +28.8
 Value (mils.) (Apr.)                    $103.6     $114.4     -9.4
Building contracts (mils.)
 Residential (Dec.)                      $185.4     $146.7    +11.9
 Nonresidential (Dec.)                   $160.8     $286.4    -26.6
Building permits (mils.)
 Residential (May)                       $334.3     $363.7     -8.1
 Nonresidential (May)                    $271.2     $285.7     -5.1
Housing start permits (Mar.)              1,317      1,047    +25.7
Home sales (Mar.)                         7,794      5,817    +40.0
Home prices (000's) (Mar.)               $257.5     $244.0     +5.5
Condo sales (Apr.)                        2,318      2,228     +4.0
Condo prices (000's) (Apr.)              $195.0     $192.0     +1.6

Apartments (3rd qtr.)
 Gross occupancy                            97%      97.7%       NA
 Avg. sq. ft. rent                        $1.39      $1.37     +1.5
 Avg. monthly rent                       $1,173     $1,130     +3.8

Office vacancy rates (2nd qtr.) (11)
 Downton L.A.                             18.5%      17.3%       NA
 San Fernando Valley                      15.5%      15.6%       NA
 West L.A.                                15.7%      15.1%       NA
 South Bay                                19.4%      19.1%       NA
 Countywide                               16.5%      15.9%       NA

Industrial vacancy rates
 (2nd qtr.) (11)
 Downtown/Central                          3.0%       3.2%       NA
 South Bay                                 4.1%       4.3%       NA
 San Gabriel Valley                        3.1%       3.8%       NA


                                           Year   %+ from
                                            ago  year ago

Construction lending (mils.) (Apr.)      $218.7     -2.1%
Property acquisition lending           $2,296.1    +35.3
(mils.) (3) (Mar.)
Refinance lending (mils.)              $4,888.7    +62.5
 (Mar.) (10)
Foreclosures
 Number (Apr.)                              985    -23.7
 Value (mils.) (Apr.)                    $140.4    -26.2
Building contracts (mils.)
 Residential (Dec.)                      $364.6    -49.2
 Nonresidential (Dec.)                   $331.0    -51.4
Building permits (mils.)
 Residential (May)                       $323.8     +3.2
 Nonresidential (May)                    $374.4    -27.6
Housing start permits (Mar.)              1,527    -13.8
Home sales (Mar.)                         8,529     -8.6
Home prices (000's) (Mar.)               $216.0    +19.2
Condo sales (Apr.)                        1,939    +19.5
Condo prices (000's) (Apr.)              $178.0     +9.6

Apartments (3rd qtr.)
 Gross occupancy                          98.6%       NA
 Avg. sq. ft. rent                        $1.30     +5.3
 Avg. monthly rent                       $1,089     +7.7

Office vacancy rates (2nd qtr.) (11)
 Downton L.A.                             19.1%       NA
 San Fernando Valley                      11.6%       NA
 West L.A.                                11.2%       NA
 South Bay                                14.2%       NA
 Countywide                               13.7%       NA

Industrial vacancy rates
 (2nd qtr.) (11)
 Downtown/Central                          1.4%       NA
 South Bay                                 4.5%       NA
 San Gabriel Valley                        3.8%       NA
TOURISM

                                                  % + from
                                Latest  Previous  previous     Year
                                 month     month     month      ago

Hotel occupancy rate (May)      68.40%     66.2%       3.2   72.11%
Room rate (May)                $121.41   $120.00     1.18%  $124.87
Passengers
 LAX (000's) (June)              5,084     4,772      +6.5    6,037
Burbank Airport (000's) (May)      402     387.7      +3.7    411.3


                               % + from
                               year ago

Hotel occupancy rate (May)         -5.1
Room rate (May)                   -2.8%
Passengers
 LAX (000's) (June)               -15.8
Burbank Airport (000's) (May)      -2.3

FOOTNOTES

(1.) Not seasonally adiusted.

(2.) Thousands of jobless to index point of job ads.

(3.) Film production days.

(4.) Through Los Angeles Customs District.

(5.) In thousands of tons (LAX).

(6.) 20-foot equivalent unit.

(7.) 1982-1984=100.

(8.) San Fernando Valley and metropolitan L.A. combined

(9.) Apartment and residential combined

(10.) Includes refinancings, second mortgages and equity mortgages

(11.) Based on a survey by Grubb & Ellis Co. Excludes available sublease
space NA means not applicable

BOLDFACE INDICATES UPDATES FIGURES

Sources: California State Employment Development Department
(employment figures); The Conference Board, N.Y.
(help-wanted ad index); Entertainment Industry Development Corporation
Los Angeles Film Office (film permits); U.S. Bankruptcy Court, Central
District of Calif., Los Angeles (bankruptcies); Dun & Bradstreet
(business failures); Economic Development Corporation, Los Angeles
(exports, imports); City of Los Angeles Airport Department (LAX
passenger traffic and air cargo); Burbank-Glendale-Pasadena Airport
Authority) (Burbank passenger traffic and air cargo); Brueau of Labor
Statistics, Los Angeles (Los Angels consumer price index); Office of
Economic Research at California State University, Long Beach (index of
leading indicators); First American Real Estate Solutions, Anaheim
(construction lending, property lending, refinance lending,
foreclosures, home sales, home prices, home prices per square foot,
condo sales, condo prices); F.W. Dodge Division, McGraw-Hill (building
contracts); Construction Industry Research Board (housing start permits,
building permits); M/PF Research Inc. (apartments); Grubb & Ellis
(office and industrial vacancy rates); PKF Consulting (hotel occupancy
rate, room rate).