The LA Planning Department produces a monthly newsletter. In it, they report housing application data, and for the first half of 2024, trends overall are declining. Below are screen shots of the specific data tables from the Planning Newsletters themselves, so you can see the bona fide numbers sources. However, given trends can sometimes be more easily seen if plotted on a line graph, we’ve generated these snapshots. Bottomline: in a period where housing growth is crucial to housing cost relief, the production of housing appears to be slowing.

# of new Market-Rate Housing units has faltered in 1H-2024.

In four of the five month-to-month periods, the # of new market-rate housing units applied for dropped from the previous month. Approvals have also slowed, down in three of five month-to-month periods.

# of new Affordable Housing units also wobbled.

The total # of units proposed down three of the five month-to-month measures in 1H-2024. Affordable units are being approved at a slight better rate, with unit counts up three of the five month-to-month measures.

Original data tables from LA Planning Newsletters