Fires, tariffs and high interest rates: L.A. housing construction plunged at start of year
Housing construction in Los Angeles plunged during the first quarter of 2025, according to a new report, a drop-off that could ultimately worsen the city’s affordability crisis. Developers pulled permits for 1,325 new homes in the city of L.A. during the first three months of 2025, down nearly 57% from the same period a year