Building Permits Update: June 2021 [EconTax Blog]

Aug 5, 2021 - Single family activity has rebounded since last spring ’s pandemic-driven slump, as prices have risen sharply in most of the state ’s metropolitan areas. The Inland Empire, Sacramento, and Los Angeles areas had the most permits in that order, which is the typical pattern.
https://lao.ca.gov/LAOEconTax/Article/Detail/682

Home Prices Update: June 2021 [EconTax Blog]

Jul 28, 2021 - The next figure shows the month to month change in home prices in the state and the nation. The state has seen more price growth than the nation in each of the last eleven months. In June, both the state growth rate of 2.83 percent and the national figure of 1.97 percent were the highest monthly growth rates recorded in Zillow ’s entire database dating back to 1996.
https://lao.ca.gov/LAOEconTax/Article/Detail/681

Home Sales Update: June 2021 [EconTax Blog]

Jul 28, 2021 - Historically low mortgage rates, strong income growth among the state’s higher earners, and possibly the increased emphasis on working from home have contributed to the recent boom, although it now appears that the sharp increases in prices in most of the state may be tempering buyers’ enthusiasm to some extent.
https://lao.ca.gov/LAOEconTax/Article/Detail/680

Income Tax Withholding Tracker: July 1 - July 23 [EconTax Blog]

Jul 23, 2021 - In July 2019, four in-state companies went public through the 23 rd , with only Medallia valued above $1 billion. The next graph shows July federal income tax withholding in 2020 and 2021. Through the 21 st , federal withholding was up 15.8 percent from last year, slightly below the state ’s pace.  
https://lao.ca.gov/LAOEconTax/Article/Detail/679

Proposition 98 Key Inputs and Outcomes Under 2021-22 Budget Package [EdBudget]

Jul 21, 2021 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/517

June 2021 Jobs Report [EconTax Blog]

Jul 16, 2021 - The figure below shows how employment has evolved in both the state and the nation since the start of the pandemic. Overall employment in the state as of the middle of June  was 7.0 percent below the level of February 2020, considerably worse than the national figure of 4.4 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/678

California New Business Creation: June 2021 [EconTax Blog]

Jul 12, 2021 - California New Business Creation: June 2021 [EconTax Blog] California New Business Creation: June 2021 July 12, 2021 Brian Uhler The extent of new business creation in California can be a useful gauge of the health of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/676

Net Taxpayer Outmigration Increased During 2017-2019 [EconTax Blog]

Jul 6, 2021 - For context, the state ’s net outflow of 165,355 between 2018 and 2019 represented 0.52 percent of the state ’s 2018 filer population of 31.7 million.           A key driver of migration between California and other states is living costs, particularly the cost of housing.
https://lao.ca.gov/LAOEconTax/Article/Detail/675

Building Permits Update: May 2021 [EconTax Blog]

Jul 5, 2021 - Building Permits Update: May 2021 [EconTax Blog] Building Permits Update: May 2021 July 5, 2021 Brian Uhler California recorded 9,291 housing permits in May, up 44 percent from May 2020 when much of the state was still locked down.
https://lao.ca.gov/LAOEconTax/Article/Detail/673

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - The data come from the state ’s Metrc “track and trace” system for licensed cannabis. In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2020.
https://lao.ca.gov/Publications/Report/4447