California Economy and Taxes
 



A Look at Recent Progress Toward Statewide Housing Goals December 15, 2016

Most coastal counties are meeting or nearly meeting their production goals. On the flip side, home building in the state’s inland areas has fallen short of targets. Rather than suggesting that home building levels are sufficient in California’s coastal areas, the fact that permitting has kept pace with targets in these areas may suggest that these production goals do not reflect the full extent of demand for housing in these areas. Production goals likely need to be higher if the high cost of and intense competition for housing in these areas is to be curbed.


Housing and Economic Mobility October 10, 2016

One perhaps underappreciated consequence of lackluster homebuilding in coastal California is that many workers are denied access to California’s high-wage job markets because they are unable to find housing. These workers are pushed to other parts California or beyond where their wages tend to be lower.


Poverty in California: Recently Released Census Data September 13, 2016

We discuss a new Census Bureau report on state poverty rates, including its Research Supplemental Poverty Measure.


Data on Real Income Growth Trends by Percentile, 1990-2014 September 6, 2016

We discuss a new piece, published in a major national publication, that uses Census Data to examine changes in real incomes by percentile at the state level between 1990 and 2014.


May Revision 2016: Economic Outlook May 15, 2016

We discuss the state's economic outlook, including the administration's assessment of the near-term economic outlook in the Governor's May Revision to his 2016-17 budget proposal.


Hearing Handout: State Homelessness Program Overview February 25, 2016

We were asked to provide an overview of state homelessness programs at a hearing of the Senate Committee on Budget and Fiscal Review.


New Report: Perspectives on Helping Low-Income Californians Afford Housing February 9, 2016

In a follow up to California’s High Housing Costs: Causes and Consequences, we offer additional evidence that facilitating more private housing development in the state’s coastal urban communities would help make housing more affordable for low-income Californians.


County Economies: California Arguably Doing Better Than Recent Report Suggests January 26, 2016

We discuss a recent National Association of Counties report on county economies.


Limited Evidence California is Facing New Housing Bubble December 4, 2015

We briefly review the data concerning possible overheating in the state's housing market.


Vacation Home Growth Continued in 2014 September 23, 2015

In a recent post, we noted that vacation homes are becoming more common in many parts of California. This post provides a brief update on these trends incorporating newly released data from the 2014 American Community Survey.


Lower-Income Households Moving to Inland California from Coast September 16, 2015

A look at American Communtiy Survey data shows notable movement of lower-income households from California's expensive coastal metro areas to the state's inland metro regions.


Vacation Homes Becoming More Common in Many Parts of California September 10, 2015

This post looks at county-level trends in vacation homes across California.


Los Angeles Consumer Prices Up Notably in July August 19, 2015

A spike in gas prices contributed to Los Angeles-area consumer prices rising substantially faster than the nation as a whole in July, according to new federal data.


Generational Differences in Homeownership and Housing Costs August 17, 2015

We discuss one of the likely consequences of rising California housing costs: intergenerational differences in homeownership and housing costs.


May Revision: LAO Economic Outlook May 15, 2015

Our office's May Revision economic outlook, responding to the administration's economic projections, notes that California's growth recently has outpaced the nation's.