Economy

Single-family homes became slightly more affordable in California during the fourth quarter of 2021, thanks to a mild leveling of prices and a growth in personal income. Twenty-five percent of the state’s households could afford the $797,470 median-priced home during the last three months of last year, according to data …

That’s good news for the base, which probably won’t be shut down because of that decision. It’s also good news for the Inland economy.     The U.S. Air Force might have done the Inland Empire a big favor last month, one that could help the region economically for years. …

Inland Empire manufacturing continued to grow during January, although at a slower rate than it has grown recently. The region’s purchasing manager index for the first month of 2022 was 51.0, down from 55.5 and barely above the 50 benchmark that determines growth or retraction, according to data released Tuesday …

Despite the ongoing presence of COVID-19, commercial and multifamily construction starts performed well in 2021, according to a just-released survey. The value of commercial and multifamily construction starts in the top 20 U.S, metropolitan areas increased 18 percent between 2020 to 2021, according to Dodge Construction Network, a New Jersey-based firm …

The region’s manufacturing sector has been growing for more than one year without interruption, but there could be some bumps in the road, or worse, during the next 12 months. Much will depend on whether inflation is held in check.     Inland Empire manufacturing appears to be in good …

The Inland Empire’s manufacturing sector grew for the 16th consecutive month in December. The region’s purchasing managers index last month was 55.5, down slightly from November but still above the baseline 50 that determines growth or reductions, according to data released this week by the Institute of Applied Research and …