LA taxed housing to get more housing. It got less.
Los Angeles had a housing shortage. So naturally, it decided to tax housing.
By THE STAR STAFF Construction activity increased by 9.55% during fiscal year (FY) 2026, driven primarily by public investment and recovery programs, while private housing and residential developments grew by only 1.0% and commercial and industrial buildings recorded a 0.4% contraction, the Puerto Rico Planning Board reported on Thursday. “The data show that construction continues to grow and that public investment plays a decisive role in that progress,” Planning Board President Héctor...
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