For about three years now, California has been relying on construction as its major source of job growth.

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Month by month, we're not accelerating anywhere. But we're still cruising along at 80 miles per hour.

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Local housing markets will cool off, leading to a slowdown in spending and some job losses in construction and other real estate-related industries. With this in mind, we are currently forecasting a plateau in home prices, a moderate decrease in sales and new building and two years of weak growth. However, this forecast represents the middle of the road.

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Almost all of this slowing trend is due to the dramatic swings in Information employment in L.A. County.

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