Unstable economic signals hold down new construction; Monthly Statistical Update (October 2023)

The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions.

This month, we’re covering:

• job growth, which continues to narrow with each passing month here in California;
• stock pricing and the price-to-earnings (P/E) ratio, which show the stock market officially entered a bull market in 2023; and
• residential construction starts, which continue to experience a declining trend as homebuyers and builders batten down the hatches in preparation for the economic slowdown.

Download the Monthly Statistical Update