By Elizabeth Chou | [email protected] | Daily NewsPUBLISHED: February 25, 2019 at 6:22 pm | UPDATED: February 27, 2019 at 2:08 pm In a report that treats Los Angeles’s homelessness crisis as a symptom of racism, city and county officials this week pointed to the high number of black people experiencing homelessness in Los Angeles and the need to address the disparity in order to address the crisis. Black people have long been overrepresented among Los Angeles County’s homeless population. In a 2017 survey, black people made up one in 10 people in the county, but were 40 percent of the homeless population, according to the report released Monday by the Los Angeles Homeless Services Authority’s Ad Hoc Committee on Black People Experiencing Homelessness. The committee was formed last April to look at why such a large proportion of the homeless population is black, look into ways to make the services more racially equitable, and figure out how to better serve the … [Read more...] about Homelessness in Los Angeles County is a result of ‘racism in America,’ report says
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By Jonathan Lansner | [email protected] | Orange County Register PUBLISHED: February 13, 2019 at 4:09 pm | UPDATED: February 13, 2019 at 4:44 pm How do you make Los Angeles County homebuying appear 62 percent more affordable to a typical house hunter? Change the metric! First, let’s take “affordability” measures from the California Association of Realtors. The trade group produces two metrics that gauge how financially comfortable homebuying is — the widely discussed “traditional” measurement that assumes very conservative terms and a less-publicized yardstick for more generous borrowing by first-time buyer types. The Realtor’s “traditional” yardstick targets the median-priced, single-family home bought with 20 percent down and fixed-rate financing, totaling 30 percent of a common household’s income. It’s the number the Realtors highlight in their quarter “affordability” report. But is it realistic? … [Read more...] about Can Los Angeles County homes be 62% more affordable than we think?
By Jonathan Lansner | [email protected] | Orange County RegisterPUBLISHED: January 15, 2019 at 7:00 am | UPDATED: January 15, 2019 at 7:00 am Los Angeles County’s lodging industry has plans to add 299 more hotels after 34 opened the past two years. The annual hotel construction report from Atlas Hospitality shows 11 hotels opened in 2018 in Los Angeles County vs. 23 in 2017 — down 52 percent. Last year’s openings had 1,526 rooms vs. 4,309 in ’17 — a drop of 65 percent. That decline seems to be a fast-growth industry taking a breather than any actual slowdown. Hotels under construction at year-end were 45 hotels vs. 32 in ’17 — a gain of 41 percent. That lodging will hold 6,727 rooms vs. 5,327 a year earlier — a rise of 26 percent. Los Angeles County’s developers are in planning stages for an additional 254 hotels vs. 217 a year earlier — a rise of 17 percent. That lodging will hold 39,974 rooms vs. 33,514 a year earlier … [Read more...] about Does Los Angeles County need 299 more hotels?
By Jonathan Lansner | [email protected] | Orange County RegisterPUBLISHED: December 28, 2018 at 10:11 am | UPDATED: December 28, 2018 at 10:12 am Population growth in Los Angeles County has fallen by roughly two-thirds as exits overshadow immigration and births. Los Angeles County’s population rose 17,100 in the year ended July 1 — 0.17 percent — to 10.28 million, still most-populous among California’s counties. But new state demographic statistics show that the growth rate is down 68.4 percent vs. an average 54,198 added annually in the previous five years. Population growth not just a matter of civic pride. Industries such as retailing and real estate rely on population growth for new customers. Businesses need more workers these days, and the government seeks new taxpayers. Let’s look at four key reasons why population growth has cooled … 1. Net outmigration: Folks exiting for elsewhere within the state or out-of-state minus people arriving … [Read more...] about Population growth in Los Angeles County drops by two-thirds in 2018
By Jonathan Lansner | [email protected] | Orange County RegisterPUBLISHED: December 24, 2018 at 7:19 am | UPDATED: December 24, 2018 at 7:20 am Los Angeles County’s employment winning streak grew to 90 months as local bosses added 60,400 workers in the 12 months ended in November as unemployment fell in a month to 4.6 percent. Here are nine Los Angeles County job market trends for from the state Employment Development Dept.’s monthly report: November (seasonally unadjusted) data compared to a year ago and the average of the previous five years … 1. Jobs: 4.57 million compared to 4.51 million a year ago — up 60,400 or 1.34 percent — vs. L.A.’s 4.27 million 5-year average. It’s the largest job count this century for any November. 2. Job growth: That 1.34 percent growth rate compared to 1.14 percent a year ago and 1.79 percent two years ago. Four-county Southern California growth in November? 1.32 percent. 3. Recovery: Los Angeles County has … [Read more...] about Los Angeles County employment at record high as 60,400 jobs created