Valley econowatch.

VALLEY
ECONOWATCH

GENERAL
INDICATORS

                                          Latest     Previous
                                          Period       Period

Air cargo (August)
  Inbound (lbs. in millions)                 3.0          3.3
  Outbound (lbs. in millions)                4.7          4.9
Bankruptcies (August)
  Chapter 7                                  729          720
  Chapter 11                                   5            4
  Chapter 13                                 128          113
Electricity (July)
  Residential accounts                   454,216      454,042
  Commercial accounts                     43,774       43,800
  Industrial accounts                      6,736        6,748
Tourism (August) #
  Hotel occupancy rate #                   77.2% #      74.3% #
  Room rate #                             $98.94 #    $102.91 #
  Airline Passengers (August) (1)        437,389      426,381

REAL ESTATE

                                          Latest     Previous
                                          Period       Period

Home mortgages and sales (July)
  Price, repeat sales index (2)            145.7        143.2
  Lending (millions)                      $793.4       $714.4
  No. of home sales                        3,324        2,979
  Average home sale price               $412,454     $400,862
Single-family resales (September) #
  Closed escrows #                         1,651 #      1,284 #
  New listings #                           2,038 #      1,541 #
  Active listings #                        2,661 #      2,042 #
Condominium resales (May)
  Closed escrows                             413          422
  New listings                               440          453
  Active listings                            415          453
Vacant apartments (February)               6,276        6,306
Apartment vacancy rate (February)           2.9%         3.0%
Office vacancy rates (1st qtr.)
  East Valley                              11.7%        13.7%
  Central Valley                           11.9%        11.9%
  West Valley                              15.8%        17.2%
  Conejo Valley                            17.9%        18.7%
  Santa Clarita Valley                     15.4%        13.8%
  Valley overall                           13.7%        14.6%
Industrial vacancy rates (1st qtr.)
  East Valley                               4.1%         4.5%
  Central Valley                            2.1%         2.5%
  West Valley                               2.8%         2.1%
  Conejo Valley                            10.4%        12.3%
  Valley overall                            3.2%         3.3%

GENERAL
INDICATORS

                                        % [+ or -]
                                              From
                                          Previous           Year
                                            Period            Ago

Air cargo (August)
  Inbound (lbs. in millions)                 -9.1%            3.7
  Outbound (lbs. in millions)                -4.1%            4.8
Bankruptcies (August)
  Chapter 7                                  +1.3%            833
  Chapter 11                                +20.0%              9
  Chapter 13                                +11.8%            145
Electricity (July)
  Residential accounts                       -0.1%        451,923
  Commercial accounts                        +0.1%         43,630
  Industrial accounts                        -0.2%          6,832
Tourism (August) #
  Hotel occupancy rate #                     +3.8% #        73.4% #
  Room rate #                                -3.9% #       $100.5 #
  Airline Passengers (August) (1)            +2.6         444,742

REAL ESTATE

                                        % [+ or -]
                                              From
                                          Previous           Year
                                            Period            Ago

Home mortgages and sales (July)
  Price, repeat sales index (2)              +1.8%          129.7
  Lending (millions)                        +10.0%         $572.4
  No. of home sales                         +10.4%          2,707
  Average home sale price                    +2.9%       $333,309
Single-family resales (September) #
  Closed escrows #                          +22.2% #        1,546 #
  New listings #                            +24.4% #        2,233 #
  Active listings #                         +23.3% #        3,713 #
Condominium resales (May)
  Closed escrows                             -2.1%            497
  New listings                               -2.9%            523
  Active listings                            -8.4%            452
Vacant apartments (February)                 -0.5%          5,918
Apartment vacancy rate (February)              N/A           2.8%
Office vacancy rates (1st qtr.)
  East Valley                                  N/A          17.9%
  Central Valley                               N/A          13.6%
  West Valley                                  N/A          15.7%
  Conejo Valley                                N/A          17.0%
  Santa Clarita Valley                         N/A          16.5%
  Valley overall                               N/A          15.2%
Industrial vacancy rates (1st qtr.)
  East Valley                                  N/A           6.5%
  Central Valley                               N/A           5.3%
  West Valley                                  N/A           4.3%
  Conejo Valley                                N/A          11.7%
  Valley overall                               N/A           5.5%

GENERAL
INDICATORS

                                        % [+ or-]
                                             From
                                         Year Ago

Air cargo (August)
  Inbound (lbs. in millions)               -19.0%
  Outbound (lbs. in millions)               -2.1%
Bankruptcies (August)
  Chapter 7                                -12.5%
  Chapter 11                               -45.0%
  Chapter 13                                11.8%
Electricity (July)
  Residential accounts                       0.6%
  Commercial accounts                        0.4%
  Industrial accounts                       -1.5%
Tourism (August) #
  Hotel occupancy rate #                    +4.9% #
  Room rate #                               -1.1% #
  Airline Passengers (August) (1)           -1.7%

REAL ESTATE

                                       % [+ or -]
                                             from
                                         Year Ago
Home mortgages and sales (July)
  Price, repeat sales index (2)            +11.0%
  Lending (millions)                       +27.9%
  No. of home sales                        +18.6%
  Average home sale price                  +10.2%
Single-family resales (September) #
  Closed escrows #                          +6.4% #
  New listings #                            -8.8% #
  Active listings #                        -28.3% #
Condominium resales (May)
  Closed escrows                           -16.9%
  New listings                             -15.9%
  Active2 listings                           -8.2%
Vacant apartments (February)                 5.7%
Apartment vacancy rate (February)             N/A
Office vacancy rates (1st 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 (1st qtr.)
  East Valley                                 N/A
  Central Valley                              N/A
  West Valley                                 N/A
  Conejo Valley                               N/A
  Valley overall                              N/A

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 preselected 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.

(3.) Thousand of jobless to index point of job ads.

(4.) Film production days

(5.) Through Los Angeles Customs District.

N/A--Not applicable

# 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 System
Inc., La Jolla (construction lending, property lending, refinance
lending, home sales, home prices); First American Real Estate Solutions
(foreclosures); Grubb & Ellis (office and industrial vacancy rates);
PKF Consulting (hotel occupancy, room rate), City of Los Angeles
Housing Department (apartment vacancies), Southland Regional
Association of Realtors (home resales)