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2021-22 “Big Three” Revenue Outlook Update: October 2021 October 22, 2021
Based on the most recent revenue and economic data, we currently project that there is a good chance that collections from the state’s “big three” taxes will exceed the budget act assumption of $170 billion in 2021-22 by at least several billion dollars.
Home Prices Update: September 2021 October 20, 2021
Californa home prices grew by 1.37 percent in September, the lowest figure since March but still high by historical standards.
U.S. Retail Sales Update: September 2021 October 15, 2021
U.S. retail sales (seasonally adjusted) grew 0.7 percent from August to September. Retail sales remain at the elevated level that has persisted following dramatic growth in January and March.
California New Business Creation: September 2021 October 14, 2021
Californians continue to form new businesses at a rate well above the recent average.
Building Permits Update: August 2021 October 6, 2021
California builders recorded 9,285 housing permits in August, in line with the recent average for the month.
Income Tax Withholding Tracker: September 1 - September 24 September 24, 2021
The California income tax withholding surge continues, as September collections to date are 23.5 percent above last September.
Home Sales Update: August 2021 September 24, 2021
The state recorded 37,275 home sales in August, slightly above the recent average for the month.
Home Prices Update: August 2021 September 23, 2021
California home prices are up 21.7 percent over 12 months, although the rate of growth slowed in August.
August 2021 Jobs Report September 17, 2021
California employers added 104,300 net new jobs in August, a strong showing despite the national slowdown.
U.S. Retail Sales Update: August 2021 September 17, 2021
U.S. retail sales (seasonally adjusted) grew 0.7 percent from July to August. Retail sales remain elevated due to dramatic growth in January and March.
Building Permits Update: July 2021 September 7, 2021
California builders recorded 9,676 permits in July, 5 percent above the same month in 2020.
Income Tax Withholding Tracker: August 1 - August 27 September 7, 2021
California income tax withholding remained very strong in August, coming in nearly 20 percent above August 2020.
Home Sales Update: July 2021 August 25, 2021
The pace of home sales in California continued to moderate in July, with 38,389 sales recorded.
Home Prices Update: July 2021 August 25, 2021
California home prices continued to soar in July and are now up 21.2 percent over the past 12 months.
July 2021 Jobs Report August 20, 2021
California employers created an estimated 114,400 net jobs in July, the biggest gain since February.