Valley econowatch.
VALLEY ECONOWATCH
GENERAL INDICATORS
% [+ or -] From
Latest Previous Previous
Period Period Period
Air cargo (November) (1)
Inbound (lbs. in millions) 2.7 2.8 -0.3%
Outbound (lbs. in millions) 4.4 5.0 -0.1%
Bankruptcies (December)
Chapter 7 815 760 +0.1%
Chapter 11 4 5 -0.2%
Chapter 13 138 150 -0.08%
Electricity (December)
Residential accounts 453,296 453,379 0.0%
Commercial accounts 43,237 43,372 -0.1%
Industrial accounts 6,690 6,755 -0.1%
Tourism (November)
Hotel occupancy rate 67.3% 69.1% N/A
Room rate $99.04 $103.19 -4.0%
Airline Passengers (October) (1) 396,031 377,808 +4.8%
Year % [+ or -] From
Ago Year Ago
Air cargo (November) (1)
Inbound (lbs. in millions) 2.0 +0.4%
Outbound (lbs. in millions) 3.3 +0.3%
Bankruptcies (December)
Chapter 7 826 -0.01%
Chapter 11 8 -0.5%
Chapter 13 163 -0.07%
Electricity (December)
Residential accounts 451,122 +0.5%
Commercial accounts 43,215 0.0%
Industrial accounts 6,793 -0.1%
Tourism (November)
Hotel occupancy rate +65.7% N/A
Room rate $97.23 +1.9%
Airline Passengers (October) (1) 347,122 +14.1%
REAL ESTATE
% [+ or -] From
Latest Previous Previous
Period Period Period
Home mortgages and sales (December)
Price, repeat sales index (2) 133.7 131.6 +1.5%
Lending (millions) $550.2 $520.8 +3.8%
No. of home sales 2,623 2,437 +7.6%
Average home sale price $344,417 $352,972 -2.4%
Single-family resales (December)
Closed escrows 1,107 1,085 +0.02%
New listings 911 1,250 -0.3%
Active listings 2,340 2,954 -0.2%
Condominium resales (December)
Closed escrows 395 385 +0.02%
New listings 302 384 -0.02%
Active listings 498 652 -0.23%
Vacant apartments (December) 6,179 5,659 +0.1%
Apartment vacancy rate (December) 2.9% 2.7% N/A
Office vacancy rates (4th qtr.)
East Valley 13.7% 14.3% N/A
Central Valley 11.9% 11.4% N/A
West Valley 17.2% 17.1% N/A
Conejo Valley 18.7% 18.1% N/A
Santa Clarita Valley 13.8% 15.8% N/A
Valley overall 15.3% 15.1% N/A
Industrial vacancy rates (4th qtr.)
East Valley 2.1% 4.9% N/A
Central Valley 2.5% 2.8% N/A
West Valley 2.1% 2.2% N/A
Conejo Valley 12.3% 12.2% N/A
Valley overall 6.7% 7.0% N/A
Year % [+ or -] From
Ago Year Ago
Home mortgages and sales (December)
Price, repeat sales index (2) 116.3 +15.0%
Lending (millions) $415.5 +32.4%
No. of home sales 2,145 +22.3%
Average home sale price $290,593 +18.5%
Single-family resales (December)
Closed escrows 983 +0.1%
New listings 746 +0.2%
Active listings 2,854 -0.2%
Condominium resales (December)
Closed escrows 349 +0.1%
New listings 246 -0.2%
Active listings 673 -0.3%
Vacant apartments (December) 6,108 +0.01%
Apartment vacancy rate (December) 2.9% 0.0%
Office vacancy rates (4th qtr.)
East Valley 16.3% N/A
Central Valley 12.4% N/A
West Valley 17.0% N/A
Conejo Valley 16.6% N/A
Santa Clarita Valley 27.5% N/A
Valley overall 15.5% N/A
Industrial vacancy rates (4th qtr.)
East Valley 6.6% N/A
Central Valley 6.5% N/A
West Valley 2.1% N/A
Conejo Valley 11.1% N/A
Valley overall 7.0% N/A
L.A. COUNTY ECONOWATCH
GENERAL INDICATORS
% + from
Latest Previous Previous
month month month
Employment (000's) (Oct.) (1) 4,603 4,551 +1.1%
Unemployment (000's) (Oct.) 297 317 -6.3
Help-wanted ads index (Sept) 21 20 +5.0
Jobless-to-job ad ratio (Sept.) (2) 46 47 -1.9
Film permits (Aug.) (3) 2,505 2,066 21.1
Bankruptcies
Chapter 7 (Dec.) 3,330 3,179 +4.7
Chapter 11 (Dec.) 16 21 -23
Exports (mils.) (Oct.) (4) $4,887.4 $5,169.7 -5.5
Imports (mils.) (Oct.) (4) $12,758.1 $13,556.6 -5.9
Year % + from
ago year ago
Employment (000's) (Oct.) (1) 4,604 -0.2%
Unemployment (000's) (Oct.) 302 -1.7
Help-wanted ads index (Sept) 24 -12.5
Jobless-to-job ad ratio (Sept.) (2) 67 -31.4
Film permits (Aug.) (3) 1,890 32.5
Bankruptcies
Chapter 7 (Dec.) 3,313 +0.5
Chapter 11 (Dec.) 31 -48
Exports (mils.) (Oct.) (4) $5,688.8 -14.1
Imports (mils.) (Oct.) (4) $13,778.7 -7.5
FOOTNOTES (1.) For Burbank-Glendale-Pasadena Airport. (2.) The index, generated by First American First American may refer to:
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 January: see month. of 1990. (3.) Thousands of jobless job·less adj. 1. Having no job. 2. Of or relating to those who have no jobs. n. (used with a pl. verb) Unemployed people considered as a group. Used with the. to index point of lob (1) See BLOB. (2) (Line Of Business) Refers to people, job titles and product lines, all of which pertain to a specific product or service area of the business. ads. (4.) Film production days (5.) Through 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. Customs District. N/A - Not applicable. BOLDFACE See boldface font. INDICATES UPDATED FIGURES Sources: Central District of Calif., (bankruptcies); Economic Development Corporation, Los Angeles (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 Real Estate Solutions (foreclosures); Grubb & Ellis ELLIS - EuLisp LInda System. An object-oriented Linda system written for EuLisp. "Using Object-Oriented Mechanisms to Describe Linda", P. Broadbery <pab@maths.bath.ac.uk> et al, in Linda-Like Systems and Their Implementation, G. Wilson ed, U Edinburgh TR 91-13, 1991. (office and industrial vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 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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