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According to the annual report, rents are projected to increase in suburban areas of the county, led by Palmdale-Lancaster-Santa Clarita where prices could climb 3.4 percent.

Record-high lumber prices prompted homebuilders to delay construction in April, causing single-family housing starts to decline by 13.4 percent month-over-month.

Historically low mortgage rates haven’t been enough to offset Los Angeles’ escalating home prices, and affordability has taken a hit as a result.

During the first quarter of 2021, one in four single-family homes for sale in the United States was newly built, the highest share on record, according to a Redfin report published last week.

Following a year of steadily declining prices, the Los Angeles rental market is making a quiet comeback.

America’s lumber shortage has gone from bad to worse, increasing the average price of a new single-family home by $35,872, according to the National Association of Home Builders (NAHB).

The latest development proposed for the 61.5-acre Ponte Vista community in Northwest San Pedro is a collection of 212 three-story townhouses with attached garages.

Applicant Carl Smith of Telemachus Studio has gone back to the drawing board, drafting a new proposal for 20 condominium units and 2,743 square feet of ground floor retail, scrapping the office component altogether.

New residential construction is booming, but the industry is facing a significant labor shortage.

Los Angeles celebrities, CEOs and heirs have been scooping up luxury properties at breakneck speed.

The typical LA home spent just eight days on the market, selling a week faster than the same period last year.

Ultra-low inventory in the resale market is driving up demand for new construction homes, giving builders a confidence boost heading into the frenzied spring homebuying season.

Former Los Angeles residents who fled the city last year didn’t go very far, according to a CBRE analysis of address changes filed with the US Postal Service.

Los Angeles’ spring housing market got off to an early start in March with pending sales in both the single-family home and condominium segments posting double-digit annual gains.

Los Angeles’ rental market may have started to bounce back after 12 consecutive months of stagnant or declining prices.

Photo by Nick Wright on Unsplash In Los Angeles’ frenzied real estate market, making a full-price offer is generally not enough to stand out from…