Industry News

Real estate construction slows in California

Builders warn of increased housing deficit
Published on Jun 2, 2004

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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.