80.3 F
San Fernando
Thursday, Jun 13, 2024

Valley Econowatch

GENERAL % & #261; from Latest Previous previous Year % & #261; from month Period period ago year ago Air cargo (Sept.) Inbound (lbs. in millions) 2.3 2.7 -14.8% 3.2 -28.1% Outbound (lbs. in millions) 4 3.8 +5.3% 3.6 +11.1% Bankruptcies (Oct.) Chapter 7 898 899 0.0% 1,286 -30.2% Chapter 11 1 3 -66.7% 9 -88.9% Chapter 13 262 253 -3.6% 271 -3.3% Electricity (Oct.) Residential accounts 446,342 445,333 +0.2% 440,853 +1.2% Commercial accounts 42,568 42,495 +0.2% 42,013 +1.3% Industrial accounts 6,941 6,925 +0.2% 6,960 -0.2% Apartment accounts 16,220 16,196 +0.1% 16,149 +0.4% Tourism Hotel occupancy rate (Oct.) 76.46% 69.78% N/A 77.90% 103.44 Room rate (Oct.) $105.78 $102.12 +3.6% $103.44 +2.3% Passengers (Sept.) 389,514 429,726 -9.4% 378,403 +2.9% REAL ESTATE month month month ago year ago Home mortgages and sales (Sept.) Price, repeat sales index2 90.9 90.1 -1.0% 83.1 +9.4% Lending (millions) $413 $376 +9.8% $370 +11.6% No. of home sales 2,382 2,167 +9.9% 2,153 +10.6% Average home sale price $246,665 $249,602 -1.2% $241,389 +2.2% Vacant apartments (Aug.) 7,438 7,850 -5.2% 10,626 -30.0% Apartment vacancy rate (Aug.) 3.6% 3.8% N/A 5.1% N/A Building permits (Nov.) Permits issued 1,457 1,546 -5.8% 1,392 +4.7% Value (millions) $44.9 $48.3 -7.0% $32.1 +39.9% Office vacancy rates (3rd qtr.) East Valley 7.1% 7.7% N/A 9.4% N/A Central Valley 8.8% 11.9% N/A 13.0% N/A West Valley 8.8% 8.3% N/A 12.0% N/A Conejo Valley 10.6% 10.0% N/A 12.3% N/A Valley overall 8.6% 9.5% N/A 11.6% N/A Industrial vacancy rates (3rd qtr.) East Valley 3.8% 4.1% N/A 2.0% N/A Central Valley 6.3% 6.9% N/A 3.3% N/A West Valley 3.2% 7.0% N/A 6.2% N/A Conejo Valley 7.3% 7.7% N/A 5.0% N/A Valley overall 5.2% 5.9% N/A 3.8% N/A

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