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by CareyBot

California housing starts in April fell slightly from March but were up sharply compared to April 2003, indicating that demand remains strong for new homes and apartments in the state, the California Building Industry Association reported Tuesday. A total of 13,802 building permits for single-family homes were issued in April, down 4.7 percent from March but up 16.2 percent compared to April 2003. Seasonally adjusted, the rate was down 6.4 percent from March but up 17.2 percent from the previous year. Including multifamily units – primarily apartments but including some condominiums – housing starts totaled 17,505, down 10.1 percent from March but up 6.4 percent from April. Seasonally adjusted, the rate was down 10.6 percent from March but up 6.7 percent from April 2003. R...