Economics

Centers and Institutes

The David Nazarian College of Business and Economics maintains centers and academic programs as a resource to encourage curriculum development, research, and interaction among academic disciplines.

San Fernando Valley Economic Research Center

William W. Roberts, Director

List of Advisory Board or Community Board Members:

  • Daniel Blake, Former Director, SFVERC, CSUN David Nazarian College of Business and Economics
  • Ray Boyadijan, Comerica
  • Marty Cooper, Cooper Beavers, Inc.
  • Fred Gaines, Gaines & Stacey
  • William Jennings, Former Dean, CSUN College of Business and Economics
  • Robin Rousselet, Voit Development Company
  • Marvin Selter, CMS, Inc.
  • Richard Leyner, Capital Commercial NAI
  • Walter Prince, Executive-Suites Services, Inc.
  • Robert Rodine, Polaris Group
  • Michael Tou, Policy Director, Congressman Brad Sherman

Mission

The mission of the San Fernando Valley Economic Research Center is to gather and disseminate economic and business data as it relates to the San Fernando Valley. This interaction with the business and government sectors generates exposure for California State University, Northridge and the David Nazarian College of Business and Economics.

Vision

Expand the exposure of the Center.

Objectives

A complete revamp of the Center's website to improve access to information and expand our data coverage to include the Antelope Valley.

Strategies

Create closer contacts with local chambers and business associations.

Accomplishments

We have an extensive historical database and contacts that provide current updates. Our strength is in interpreting that data in an understandable manner.

SFVERC Reports

The San Fernando Valley Economic Research Center publishes reports and forecasts on economic and demographic conditions and trends in the San Fernando Valley. Many of the data analyzed include employment, payroll, real estate and construction, population, housing, school performance, transportation, and much more.

Forecast

The 2007 CSUN Economic Forecast for the San Fernando Valley is available for download. Hard copies are available for a cost of $75.00. Please call, email, or fill out the Forecast Request Form to order. 

2007 SFV Economic Forecast 
2006 SFV Economic Forecast

Report

The San Fernando Valley Economic Report is available to download. Hard copies are available through the SFVERC for a cost of $10.00. Please call or fill out the Report Request Form.
2008 Report Contents/View Report
2006-2007 Report Contents/View Report
2005-2006 ReportSummary of FindingsContents/View Report
2004-2005 ReportSummary of FindingsContents/View Report
2003-2004 ReportSummary of FindingsContents/View Report
2002-2003 ReportSummary of FindingsContents/View Report
2001-2002 ReportSummary of FindingsContents/View Report
2000-2001 ReportSummary of FindingsContents/View Report

 Monthly Report

Quarterly Report

Annual Economic Forecast

Annual economic Report

The SFVERC Data Collection

The San Fernando Valley is a geographical area that is not defined by jurisdictional boundaries. As such, no data exist for the Valley as an entity. The Center collects Valley-specific data from a wide variety of primary sources and we sincerely appreciate their efforts and cooperation. We also extract data pertinent to the Valley from broader data sets. Zip codes, census tracts, community and city names, and other means have been used to identify Valley -specific records.

Consumer Price Index (For All Urban Consumers)

(Monthly from 1966-Present)

Los Angeles
San Francisco
California
United States

Housing Market

Monthly
San Fernando Valley Median Home Prices
Map of Regional Medians and Prices
Median Home Prices by Zip Code
National Mortgage Rates
Valley Housing Inventory


Quarterly
Apartment Rents
Apartment Vacancy Rates
Valley Foreclosures
Valley "Notices of Default" 
Valley Home Sales

Construction

Residential Building Permits (By Single Family & Multiple Family Units) 
Residential Permit Values
Non-Residential Building Permits 
Non-Residential Permit Values

Unemployment Data

Monthly Valley Unemployment Claims 

Data

Links to Recent News Stories

5/13/2010 2010 CSUN San Fernando Valley Economic Report Released.

5/14/2008 2008 CSUN San Fernando Valley Economic Report Released.

1/11/2008 2006 Air Quality Report Released.

1/11/2008 2006-07 Education Enrollment and Performance Report Released.

11/13/2006 Demographics Data Released. 

10/27/2006 VICA Business Forecast Conference was a success.

SFV Unemployment Claims Hit Record Low

12/13/2005: California State University, Northridge researchers report that the Valley’s economy turned in a record low Unemployment Insurance (UI) claims number in October as further evidence that the Valley’s economy is on a strong growth path. Unemployment insurance claims in the Valley fell to a record low of 12,961 claims according to figures released by the California Employment Development Department and assembled by the San Fernando Valley Economic Research Center at Northridge.

Daniel Blake, director of the San Fernando Valley Economic Research Center at Northridge said that “Changes in the number of UI claims are general indicative of changes in unemployment” and added that “this record low claims numbers show that the Valley economy is continuing to expand its job base and absorb people from the unemployment rolls.”

The record low October claims number comes on the heels of a rapid downward movement in UI claims in the Valley that began in the first quarter of 2004. In October, the UI claims number fell below the record low set during the Valley’s steady economic recovery during the 1995-2000 period. The previous record low UI claims number of 13,526 was achieved in November 2000, after a prolonged economic recovery from the early 1990s recession, and before the 2001 recession took hold. Blake said that “the rapid drop in claims has been spectacular. In the last seven quarters, the Valley economy has shed as much unemployment as it did during the entire six years of the last recovery.”

Blake said that the low level of UI claims indicates that the Valley economy is on track to complete 2005 with a job growth rate near the 1.7 percent job growth forecasted by the San Fernando Valley Economic Research Center in May.

The Employment Development Department began releasing monthly claims numbers for small geographic areas in January 1994 and the Economic Research Center compiles the total UI claims numbers for the San Fernando Valley, which the Center defines as stretching from Glendale to Calabasas, and from Mulholland Drive to the northern edges of Sylmar.

New Data Series on Taxable Retail Sales

12/3/2005: The Center released a new data series on Taxable Retail Sales in the San Fernando Valley, including all Valley cities and the LA portion of the Valley, Los Angeles County, and California. Each area includes the nine major sectors of retail: Apparel Stores, General Merchandise, Food Stores, Eating & Drinking Places, Home Furnishments & Appliances, Building Materials and Farm Implement Dealers, Auto Dealers & Auto Supplies, Service Stations, and Other Retail Stores.

Since the passage of Bill AB2207, Los Angeles City has begun to provide statistical information for the Los Angeles portion of the San Fernando Valley, including the Taxable Retail Sales Data. The Board of Equalization provides the retail data for the five other cities in the Valley, County, and State. Click here to view the DATA in excel format.

17th Annual VICA Conference

10/28/2005: The San Fernando Valley Economic Research Center released its 8th annual SFV Economic Report at the VICA 17th annual Business Forecast Conference. Dr. Blake presented an optimistic picture of the Valley economy along with an update of the spring Economic Forecast. Presenting with Dr. Blake was Larry Kosmont from Kosmont Industries and Rohit Shukla, from Larta. 

News Resources

The SFVERC Contact and Request Forms

Please fill out the proper form to be added to our contact list or to request data, reports, or forecasts. If you have any questions, please contact us at (818) 677-7021 or email us at sfverc@csun.edu
 
Contact Form: Please fill out this form to be added to the SFVERC registry email list. We will email notifications of upcoming events, data releases, and other Center Information.

Data Request Form: Please fill out this form if there is any specific data that you would like to request but cannot find on our website.

Report Request Form: Please use this form to request a hard-bound copy of our San Fernando Valley Economic Report. Electronic copies are free to download in the "reports section". Cost of the hard copies of the Report are $25.00. 

Forecast Request Form: 
Please use this form to request our CSUN Economic Forecast for the San Fernando Valley. Cost of the report is $75.00.
 

Forms

About the Center

The San Fernando Valley Economic Research Center focuses on the economy of the San Fernando Valley

The San Fernando Valley Economic Research Center collects, assembles, analyzes, and disseminates economic, social, and demographic information about the San Fernando Valley and related areas. 

The Center was established in 1997 and quickly became a widely recognized expert source for information and perspective on the economy and demographics of the San Fernando Valley. This Information, data, and analysis are disseminated largely through the Center's publications and website. The SFVERC is housed in the David Nazarian College of Business and Economics at California State University, Northridge.

San Fernando Valley Economic Report

Our annual SFV Economic Report provides unique data and analyses on conditions and trends in the San Fernando Valley in four categories—Business Forecast Survey, Economic Indicators, Valley Residents’ Economic and Social Characteristics, and Real Estate Conditions.  Our Business Forecast Survey queries 125 local businesses in key industries on their recent and expected trends in employment, capacity, costs, and gross receipts along with current local business issues. Our Economic Indicators section reviews recent trends in Unemployment Insurance claims and bankruptcies.  Our Residents’ Economic and Social Characteristics section highlights the most recent Census Bureau’s American Community Survey findings on the General, Social, Economic, and Housing data for Valley residents.  Our Real Estate Conditions section discloses developments in the Valley’s owner-occupied housing market (sales, median price, foreclosures), in the rental market (rent and occupancy trends), in the industrial and commercial market (vacancy rates, lease rates, absorption), and in real estate construction (construction permit values, multiple-family and single-family units permitted).

The Center began producing this SFV Economic Report in 1998 and it grew over time to include over 100-pages of data and analysis before budget constraints and data issues slimmed the Report to its current 37 page length.  Our current SFV Economic Report is posted on this website right after it is released at the annual San Fernando Valley Economic Summit, and a printed version appears in the Economic Summit Program book.   

Topical Annual Reports

The Center produces topical Annual Reports on selected conditions in the San Fernando Valley.  These topical reports include the SFV K-12 Educational Enrollment Trends and Performance, SFV Health Care, SFV Air Quality Trends, and SFV Crime Report.  These reports were once included in larger versions of our annual SFV Economic Report.  Our current practice of publishing the reports on our website allows us to produce and disseminate the each report when the information becomes available rather than collecting information throughout the year for a single publication date.

SFV Economic Report Quarterly Updates

The Center updates selected elements of its Annual Economic Report each quarter.  These updated series include unemployment insurance claims, housing market conditions for owner-occupied and renter-occupied housing, and industrial and commercial space market conditions.

SFV Monthly Housing Reports

The Center provides monthly updates on the Valley’s housing market including sales, median price, notices of default, and foreclosures.

The San Fernando Valley Economic Forecast

From 2003 through 2007, the Center published the CSUN San Fernando Valley Economic Forecast which projected private sector employment in the Valley and its industrial sectors along with population, income, median home prices, and construction activity by type for the San Fernando Valley.  Production of the Forecast was suspended when confidential data security concerns eliminated our access to the necessary employment data.  We incorporated our Business Forecast Survey, which was a component of our Economic Forecast, into our current SFV Economic Report.  Our 2006 and 2007 SFV Economic Forecasts are posted on this website.

SFVERC Advisory Board

The Center boasts a broad-based Advisory Council comprised of representatives from local and regional businesses and organizations. The Council supports and steers the activities of the San Fernando Valley Economic Research Center, and aids in the development of the Center's prominence as a provider of dependable economic information and analysis.

Funding

Financial support for the Center comes largely from businesses, organizations, and individuals and is supplemented by the David Nazarian College of Business and Economics. For information about supporting the Center’s activities, contact the Nazarian College Development Office:

Office of Development and Alumni Relations
David Nazarian College of Business and Economics
California State University, Northridge
18111 Nordhoff Street
Northridge, CA 91330-8381

The San Fernando Valley Economic Research Center focuses on the economy of the San Fernando Valley

The San Fernando Valley, as defined here, includes all of Burbank, Calabasas, Glendale, Hidden Hills, San Fernando, and the Valley portion of Los Angeles. The Valley:
 -Houses over 1.8 million people
-Contains 48,000 UI-covered private sector business establishments and organizations
-Employs over 700,000 private sector, UI-covered workers

2008 San Fernando Valley American Community Survey is available. The data is also available in Excel files to the immediate left.

ACS data has been released for the newly designated San Fernando Valley Sub-County Census District (CCD). This special statistical district was created by request of the Los Angeles County Board of Supervisors and the Census Bureau conducted a special tabulation for the new Valley CCD along with its inaugural release of 2005 ACS data for the nation, states, counties, places, and other census statistical areas. Click the link for more information on the Valley ACS data and a map of the Valley ACS boundaries. Note, that the 2006 ACS data for the Valley was released after the Economic Summit on May 8th, 2008.

The ACS is a new data release for the Census Bureau that replaces the so-called long-form decennial census data. Instead of releasing population, social, economic, and housing data for a large sample of the population every 10 years, the Census Bureau is conducting a smaller sample of the population every year. Over a 5-year period, the new ACS survey data will provide accurate sample data down to the census tract level. Each year the sample size will provide relatively accurate data for the larger census geographies (those with a population over 65,000) and data will be released for those larger geographies every year. Medium-sized census geographies (25,000 to 65,000) will get data releases every 3 years (as the sample size accumulates sufficient information to provide a relatively accurate profile of those areas) and ACS census tract level data will be released every 5 years. For more detailed information on the ACS, see the Census Bureau ACS website: American Community Survey

The following tables provide demographic, social, economic, and housing data for the San Fernando Valley. For viewers convenience we have collected similar data for Los Angeles City, Los Angeles County, California, and the United States in these tables.

2007 ACS Tables
-General
-Social
-Economic
-Housing

2008 ACS Tables
-General
-Social
-Economic
-Housing

Valley K-12 Enrollment drops while performance increases. The Valley's K-12 school enrollment dropped last year, after falling in 2005-06 according to CSUN researchers. The enrollment figures covered both public and private schools and both sectors suffered losses. Read More.....

2007 Air Quality Report Released