Production of new single-family homes across California slowed slightly in May but continued to exceed the pace set a year ago, according to statistics released today by the California Building Industry Association. May's housing starts report (as measured by building permits issued) showed that permits for single-family homes in California totaled 13,490, down 4.8 percent from April but 6.3 percent above the same time period in 2003. Total housing permits – including permits for the volatile multifamily market – numbered 17,352 in May, down 3 percent from the month before and down 4.8 percent from May 2003. Alan Nevin, CBIA's new chief economist, said housing production for the first five months of the year strongly indicate that California housing starts this year will b...
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