Valley & L.A. County Econowatch. (Investments & Finance).
VALLEY ECONOWATCH
GENERAL INDICATORS
% [+ or -] From
Latest Previous Previous
Period Period Period
Air cargo (April)
Inbound (lbs. in millions) 3.12 2.73 +14.3%
Outbound (lbs. in millions) 4.06 3.45 +17.7%
Bankruptcies (May)
Chapter 7 869 843 +3.1%
Chapter 11 8 9 -11.1%
Chapter 13 182 204 -10.8%
Electricity (May)
Residential accounts 452,125 451,731 +0.1%
Commercial accounts 43,529 43,483 +0.1%
Industrial accounts 6,828 6,848 -0.3%
Tourism
Hotel occupancy rate (April) 76.8% 75.1% +2.3%
Room rate (April) $105.55 $104.32 +1.2%
Airline Passengers (April) 387,682 379,921 +2.0%
Year %[+ or -] From
Ago Year Ago
Air cargo (April)
Inbound (lbs. in millions) 2.14 +45.8%
Outbound (lbs. in millions) 3.64 +11.5%
Bankruptcies (May)
Chapter 7 930 -6.6%
Chapter 11 10 -20%
Chapter 13 178 +2.7%
Electricity (May)
Residential accounts 450,404 +0.4%
Commercial accounts 43,267 +0.6%
Industrial accounts 6,949 -1.7%
Tourism
Hotel occupancy rate (April) 74.4% +3.2%
Room rate (April) $107.62 -1.9%
Airline Passengers (April) 403,936 -4.0%
REAL ESTATE
% [+ or -] From
Latest Previous Previous
Period Period Period
Home mortgages and sales (May)
Price, repeat sales inde 116.8 114.9 +1.7%
[chi square]
Lending (millions) $638.9 $576.6 +10.8%
No. of home sales 3,084 2,883 +7.0%
Average home sale price $322,944 $315,385 +2.4%
Single-family resales (May)
Closed escrows 1,302 1,367 -4.8%
New listings 1,856 1,958 -5.2%
Active listings 2,500 2,312 +8.1%
Condominium resales (May)
Closed escrows 497 504 -1.4%
New listings 523 507 +3.2%
Active listings 452 344 +31.4%
Vacant apartments (April) 6,024 6,002 +0.4%
Apartment vacancy rate (April) 2.8% 2.8% +0.1%
Office vacancy rates (1st qtr.)
East Valley 17.9% 16.3% N/A
Central Valley 13.6% 12.4% N/A
West Valley 15.7% 1.7% N/A
Conejo Valley 1.7% 16.6% N/A
Valley overall 15.5% 15.5% N/A
Industrial vacancy rates
(1st qtr.)
East Valley 6.5% 6.6% N/A
Central Valley 5.3% 6.5% N/A
West Valley 4.3% 2.1% N/A
Conejo Valley 12.5% 11.1% N/A
Valley overall 6.5% 7.3% N/A
Year %[+ or -] From
Ago Year Ago
Home mortgages and sales (May)
Price, repeat sales inde 109.6 +6.60%
[chi square]
Lending (millions) $463.8 +37.80%
No. of home sales 2,456 +25.60%
Average home sale price $287,786 +12.2%
Single-family resales (May)
Closed escrows 1,247 +4.40%
New listings 1,896 -2.1%
Active listings 3,534 -29.3%
Condominium resales (May)
Closed escrows 430 +15.60%
New listings 573 -8.7%
Active listings 789 -42.70%
Vacant apartments (April) 5,334 +12.5%
Apartment vacancy rate (April) 2.6% +7.7%
Office vacancy rates (1st qtr.)
East Valley 15.1% N/A
Central Valley 9.1% N/A
West Valley 10.3% N/A
Conejo Valley 13.7% N/A
Valley overall 12.9% N/A
Industrial vacancy rates
(1st qtr.)
East Valley 3.5% N/A
Central Valley 1.7% N/A
West Valley 3.5% N/A
Conejo Valley 5.2% N/A
Valley overall 3.4% N/A
L.A. COUNTY ECONOMWATCH
GENERAL INDICATORS
% + from
Latest Previous previous Year
month month month ago
Employment (000's) (April) 4,541 4,589 -1.1% 4,598
Unemployment (000's) (April) 316 330 -4.2 246
Help-wanted ads index (Apr.) 16 21 -23.8 23
Jobless-to-job ad mtio (Mar.) (1) 46 47 -1.9 67
Film permits (Apr.) (2) 2,622 2,634 -0.5 2,929
Bankruptcies
Chapter 7 (Apr.) 2,622 3,662 -28.4 3,192
Chapter 11 (Apr.) 12 29 -58.6 12
% + from
year ago
Employment (000's) (April) -1.2%
Unemployment (000's) (April) +28.7
Help-wanted ads index (Apr.) -30.4
Jobless-to-job ad mtio (Mar.) (1) -31.4
Film permits (Apr.) (2) -10.5
Bankruptcies
Chapter 7 (Apr.) -17.9
Chapter 11 (Apr.) 0
FOOTNOTES
(1)For Burbank-Glendale-Pasadena Airport.
(2)The index, generated by First American Real Estate Solutions, is
based on a statistical model that tracks the resale value of a
preseleted group of homes and is considered by the industry to be a
more accurate measure than either the average or median sales price.
It eliminates trend shifts which occur from differing types of houses
sold from one period to another. The index base value is 100 which
reflects its level in January of 1990.
N/A mean not applicable.
BOLDFACE See boldface font. INDICATES UPDATED FIGURES Sources: Central District of Calif., (bankruptcies); Economic Development Corporation, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. (business failures, exports, imports); Burbank-Glendale-Pasadena Airport Authority (Burbank Burbank, city (1990 pop. 93,643), Los Angeles co., S Calif.; inc. 1911. Tourism and the entertainment industry are central to its economy; several motion-picture studios and television headquarters are here. Burbank's aerospace industry collapsed with the end of the Cold War. passenger traffic and air cargo air cargo: see aviation. ); Axicom/DataQuick Information Systems Inc., La Jolla La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and (construction lending, property lending, refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. lending, home sales, home prices); First American First American may refer to:
2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. rates); PKF PKF Peace Keeping Force PKF Pannell Kerr Foster (accounting firm) PKF Park Falls, Wisconsin (Airport Code) Consulting (hotel occupancy Noun 1. hotel occupancy - occupancy rate for hotels occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time , room rate), City of Los Angeles
n. A region in the south of a country or an area. south  land·er n.Noun 1. Regional Association of Realtors (home resales). |
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