Los Angeles Housing Permits Plummet in Q3 2024: Economic and Policy Pressures Mount

Residential permitting activity in Los Angeles continues to decline sharply, as recent data by Hilgard Analytics reveals only 6,907 residential units were permitted from January to September 2024, reflecting a steep 30.7 percent decrease compared to the 9,962 units approved during the same period in 2023. This drop-off highlights the multifaceted pressures that developers are […]