Los Angeles is confronting a striking contradiction in its housing crisis: the city desperately needs more apartments, but many developers say constructing them has become financially unattractive. Despite persistent housing shortages and high rents, multifamily construction is slowing as developers confront elevated interest rates, falling apartment values, rising construction expenses,...
California weather: Los Angeles hit by 475 mudslides as atmospheric river storm brings more rain
Los Angeles has recorded at least 475 mudslides after one of the wettest storms in the history of southern California. Officials are warning of further mudslides and flooding after a large amount of the city's average annual rainfall fell in just three days - while seven deaths have been reported...