Home-job unbalance grows

The continued high cost of housing hurts young workers, the middle class and businesses by forcing employees to live far from their jobs, according to a report released Tuesday by the Los Angeles Business Council. Kerry Cavanaugh in the Daily News.

Despite a building boom that created more supply, and the current foreclosure crisis that has pushed down prices, too few residents can afford to live near their places of work.

"A lack of housing near job sites consistently serves as one of the major obstacles to doing business in this region, and the situation is getting worse," said Antonio Manning, a vice president for Washington Mutual and one of the report's authors.