Los Angeles County's population is 10.2M, with a total workforce of 4.5M. The labor market grew by 54,359 jobs over the past year, up by 1.2%. The median household income in Los Angeles County is $59,112, unchanged from last year and 3.7% below the national average of $61,372. In the housing market, total permits issued totaled 23,504 over the last twelve months, up 9.0% year-over-year.
Los Angeles County has 141 active new home projects on the market, 7.6% more than the 131 from last year. The average list price in the market is $755,796, 8.3% higher than last year and 136.0% above the national average. Over the last three months, new home contracts increased by 1.5% to 899. Los Angeles and Santa Clarita had the highest concentration of the new home contracts in the Los Angeles County market.