- Sep 5, 2023
Hilgard Analytics' recent report reveals a 5.3% decrease in residential unit approvals in Los Angeles in 2023 compared to the previous year. The variance in permitting rates is attributed to factors like high interest rates and labor disputes, resulting in differences across city council districts. Interestingly, despite these challenges, districts 1, 8, 10, and 13 have experienced an increase in residential permits. While high interest rates remain a concern, other contributing factors may soon improve, potentially boosting permitting numbers in the near future. However, issues related to deed-restricted affordable housing and exclusionary policies continue to pose significant challenges. For a comprehensive analysis, click here.
- Los Angeles, California, United States