% + from
Latest Previous previous Year %+ from
period period period ago year ago
Construction lending (mils.) (Mar.) $244.0 $195.0 +25.1% $305.7 -20.2%
Property acquisition lending (mils.) (Mar.) $2,491.7 $1,761.8 +41.4 $2,157.6 +15.5
Refinance lending (mils.) (Mar.)9 $2,429.1 $2,104.7 +16.4 $5,722.7 -57.6
Foreclosures
Number (Mar.) 1,266 1,242 +1.9 1,996 -36.6
Value (mils.) (Mar.) $188.6 $201.7 -6.5 $283.6 -33.5
Building contracts (mils.)
Residential (Apr.) $150.4 $226.9 -33.7 $176.5 -14.8
Nonresidential (Apr.) $274.4 $302.7 -9.3 $277.6 -1.2
Building permits (mils.)
Residential (Apr.) $294.9 $465.0 -36.6 $286.1 +3.1
Nonresidential (Apr.) $220.5 $328.3 -32.8 $227.3 -3.0
Housing start permits (Apr.) 1,011 2,430 -58.4 1,206 -16.2
Home sales (Mar.) 8,536 6,014 +41.9 8,207 +4.0
Home prices (000’s) (Mar.) $214.0 $205.0 +4.4 $195.0 +9.7%
Condo sales (Mar.) 1,825 1,221 +49.5 1,490 +22.5
Condo prices (000’s) (Mar.) $183.0 $176.5 +3.7 $172.0 +6.4
Apartments (1st qtr.)10
Gross occupancy 95.4% 95.3% NA 95.7% NA
Avg. sq. ft. rent $1.28 $1.21 +5.8 $1.32 -3.0
Avg. monthly rent $1,032 $997 +3.5 $1,010 +2.2
Office vacancy rates (1st qtr.)11
Downtown L.A 19.9% 20.0% NA 19.9% NA
San Fernando Valley 9.1% 7.4% NA 9.8% NA
West L.A. 5.6% 10.5% NA 10.0% NA
South Bay 14.5% 18.4% NA 16.9% NA
Countywide 12.5% 16.7% NA 14.0% NA
Industrial vacancy rates (1st qtr.)
Downtown/Central 2.1% 1.3% NA 4.5% NA
South Bay 3.8% 4.1% NA 5.8% NA
San Gabriel Valley 4.0% 6.1% NA 5.5% NA