Press Coverage

March 3, 2016
by Erik Anderson
KPBS

California is adding jobs and wages are going up, but a new economic review warns a housing shortage could crimp the state's economic growth.

Three new reports from Beacon Economics looked at housing, wages and migration. The studies found California continues to create jobs and attract people from other states. However, the reports also find there is not enough new housing in the pipeline.

A growing population is increasing competition for housing, which is driving up prices. That situation isn't getting any better.

March 3, 2016
by Kelsey Thompson
Housing Wire

So, as it turns out, back in June 2014, California’s labor market finally recovered all of the jobs lost during the Great Recession, according to a report by Next 10.

Next 10, if you've never heard of them, employs research from leading experts on state issues and creates a portfolio of educational materials. They just got around to finalizing the crunching of the data, along with Beacon Economics, which is one of California’s leading economic research and consulting firms.

March 3, 2016
by Elyse Glickman
Los Angeles Business Journal

In spite of the fact that California boasts some of the highest wages in the nation as well as one of the fastest rates of job growth, high housing costs are driving many people out of the state.

The Los Angeles Daily News reported Thursday that a study by Beacon Economics, a Los Angeles research and consulting firm, said 625,000 more U.S. residents left California between 2007 and 2014 than moved into the state. Many former residents ended up in Texas, Oregon, Nevada, Arizona and Washington.

March 3, 2016
by Ben van der Meer
Sacramento Business Journal

Builders have said for years that Sacramento and California as a whole weren’t building enough new housing to meet demand. A new report released Thursday is now saying the same thing — and warns of consequences for the state's economy if things don't change.

March 3, 2016
by Kevin Smith
Daily Bulletin

California boasts some of the highest wages and fastest rates of job growth in the nation but high housing costs are pushing many people out of the state, according to a trio of reports released Wednesday.

The reports from Beacon Economics in Los Angeles address “Employment by Income,” the “Current State of the California Housing Market” and “California Migration.”

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