Los Angeles City Council Frustrations Over Building Permits Post-Palisades Fire

Members of the Los Angeles City Council express frustration over only four building permits being issued since the Palisades Fire, despite paying $10 million to Hagerty Consulting for a report. The council questions the efficiency of the process and the decision to hire an outside agency.

Home Building Rebound in February

Home building bounced back sharply in February, with residential housing starts rising 10.7%. The rise in mortgage rates has pushed demand into the new home market, boosting home builders. Building permits also increased to a 1.52 million rate, indicating a positive outlook for the housing market.