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L.A.’s Next Housing Shock: A Permanent 60‑Day Fast Track, Plus a Tighter Rent Cap

Los Angeles is advancing a permanent ordinance to fast-track all-affordable housing approvals, building on the success of Emergency Directive 1. Simultaneously, the City Council approved major rent control reforms, capping regulated rent hikes at 4%. Both measures aim to speed affordable housing delivery and protect tenants, but key details remain under debate.
U.S. construction spending edges up in August, but remains below year-ago levels
U.S. construction spending edged up 0.2% in August 2025 to $2.17 trillion, defying forecasts for a decline. Gains were concentrated in private residential projects, while nonresidential and public categories softened. Year-over-year, overall spending slipped 1.6%, reflecting sectoral imbalances and a cautious outlook. Data was delayed by a government shutdown.

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