Valley econowatch.

VALLEY
ECONOWATCH

GENERAL
INDICATORS

                                               Latest       Previous
                                               Period         Period

Air cargo (Aug.)#
  Inbound (lbs. in millions)#                     3.9             NA
  Outbound (lbs. in millions)#                    5.3             NA
Bankruptcies (October)
  Chapter 7                                       794            738
  Chapter 11                                        2              4
  Chapter 13                                      100            114
Electricity
  Residential accounts (April)                456,397        455,608
  Commercial accounts (April)                  44,241         44,107
  Industrial accounts (April)                   6,623          6,618
Tourism (June)
  Hotel occupancy rate                         83.86%         82.87%
  Room rate                                   $111.73        $114.33
Airline Passengers (Aug.)#                    521,217             NA

                                      % [+ or -] From
                                             Previous           Year
                                               Period            Ago

Air cargo (Aug.)#
  Inbound (lbs. in millions)#                      NA            2.7
  Outbound (lbs. in millions)#                     NA            4.8
Bankruptcies (October)
  Chapter 7                                      7.1%            835
  Chapter 11                                   -50.0%              3
  Chapter 13                                   -12.3%            173
Electricity
  Residential accounts (April)                  +0.2%        455,527
  Commercial accounts (April)                   +0.3%         43,734
  Industrial accounts (April)                   +0.1%          6,701
Tourism (June)
  Hotel occupancy rate                           1.2%         79.48%
  Room rate                                     -2.3%         105.63
Airline Passengers (Aug.)#                         NA        457,899

                                      % [+ or -] From
                                             Year Ago

Air cargo (Aug.)#
  Inbound (lbs. in millions)#                   45.3%
  Outbound (lbs. in millions)#                  10.1%
Bankruptcies (October)
  Chapter 7                                     -5.0%
  Chapter 11                                   -33.4%
  Chapter 13                                   -42.2%
Electricity
  Residential accounts (April)                   0.2%
  Commercial accounts (April)                    0.9%
  Industrial accounts (April)                   -1.2%
Tourism (June)
  Hotel occupancy rate                           5.5%
  Room rate                                      5.8%
Airline Passengers (Aug.)#                     13.83%

REAL ESTATE

                                               Latest       Previous
                                               Period         Period

Home mortgages and sales
  Price, repeat sales index                     145.7          143.2
  Lending (millions)                           $793.4         $714.4
  No. of home sales                             3,324          2,979
  Median home sale price (Sept.)#            $590,000       $598,000

Single-family resales#
  Closed escrows (Sept.)#                       1,182          1,203
  New listings (Sept.)#                         1,686          1,814
  Active listings (Sept.)#                      3,025          2,474

Condominium resales#
  Closed escrows (Sept.)#                         435            429
  New listings (Sept.)#                           629            640
  Active listings (Sept.)#                        935            693

Vacant apartments (1st Qtr.)                    1,015            N/A
Apartment occupancy rate (3rd Qtr.)#            96.6%          95.9%

Office vacancy rates (4th Qtr.)
  East Valley                                    9.1%          11.5%
  Central Valley                                 7.8%           8.8%
  West Valley                                   10.1%          10.4%
  Conejo Valley                                  8.6%          10.4%
  Santa Clarita Valley                           6.6%           9.2%
  Valley overall                                 8.8%          10.0%

Industrial vacancy rates (2nd Qtr.)
  East Valley                                    4.0%           3.2%
  Central Valley                                 3.9%           3.6%
  West Valley                                    2.2%           2.6%
  Conejo Valley                                 11.1%          10.8%

                                      % [+ or -] from
                                             previous           Year
                                               Period            Ago

Home mortgages and sales
  Price, repeat sales index                      1.8%          129.7
  Lending (millions)                            10.0%          572.4
  No. of home sales                             10.4%          2,707
  Median home sale price (Sept.)#               -1.3%       $490,000

Single-family resales#
  Closed escrows (Sept.)#                       -3.9%          1,135
  New listings (Sept.)#                         -7.1%          1,588
  Active listings (Sept.)#                      22.3%          3,563

Condominium resales#
  Closed escrows (Sept.)#                        1.4%            426
  New listings (Sept.)#                         -1.7%            592
  Active listings (Sept.)#                      34.9%          1,053

Vacant apartments (1st Qtr.)                      N/A            N/A
Apartment occupancy rate (3rd Qtr.)#             0.7%          95.3%

Office vacancy rates (4th Qtr.)
  East Valley                                     N/A          14.1%
  Central Valley                                  N/A          10.5%
  West Valley                                     N/A          14.6%
  Conejo Valley                                   N/A          13.1%
  Santa Clarita Valley                            N/A          10.8%
  Valley overall                                  N/A          12.8%

Industrial vacancy rates (2nd Qtr.)
  East Valley                                     N/A           2.7%
  Central Valley                                  N/A           2.5%
  West Valley                                     N/A           2.7%
  Conejo Valley                                   N/A          10.6%

                                      % [+ or -] from
                                             Year Ago

Home mortgages and sales
  Price, repeat sales index                     11.0%
  Lending (millions)                            27.9%
  No. of home sales                             18.6%
  Median home sale price (Sept.)#               20.4%

Single-family resales#
  Closed escrows (Sept.)#                        4.1%
  New listings (Sept.)#                          6.2%
  Active listings (Sept.)#                     -15.1%

Condominium resales#
  Closed escrows (Sept.)#                        2.1%
  New listings (Sept.)#                          6.3%
  Active listings (Sept.)#                     -11.2%

Vacant apartments (1st Qtr.)                      N/A
Apartment occupancy rate (3rd Qtr.)#             1.4%

Office vacancy rates (4th Qtr.)
  East Valley                                     N/A
  Central Valley                                  N/A
  West Valley                                     N/A
  Conejo Valley                                   N/A
  Santa Clarita Valley                            N/A
  Valley overall                                  N/A

Industrial vacancy rates (2nd Qtr.)
  East Valley                                     N/A
  Central Valley                                  N/A
  West Valley                                     N/A
  Conejo Valley                                   N/A

BOLDFACE INDICATES UPDATED FIGURES

Sources: Central District of Calif., (bankruptcies); Economic
Development Corporation, Los Angeles (business failures, exports,
imports); Burbank-Glendale-Pasadena Airport Authority (Burbank
passenger traffic and air cargo); Axicom/DataQuick Information Systems
Inc., La Jolla (construction lending, property lending, refinance
lending; Grubb & Ellis (office and industrial vacancy rates); PKF
Consulting (hotel occupancy, room rate), RealFacts (apartment
vacancies), Southland Regional Association of Realtors (home resales).

Note: Updated figures indicates within #.