Press Coverage

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.”

March 3, 2016
by Stephanie Martin Taylor
California Report

 

March 3, 2016
by George Avalos
San Jose Mercury News

California's boom in high-wage jobs, such as those in the tech sector, has shoved housing prices skyward and threatens to squeeze low- and middle-income wage earners out of the Golden State, a report released Wednesday warned.

Those disturbing findings were contained in new research compiled by Beacon Economics and commissioned by Next 10, a San Francisco-based think tank.

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