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by CareyBot

California home production continued at a near-record pace in September as both single-family and multifamily construction, while down a bit from the previous month, continued to show strong, year-over-year increases, the California Building Industry Association reported today. Housing starts as measured by building permits issued were down slightly in September compared to August but up significantly from September 2003. A total of 17,118 permits were issued in September, 6.7 percent less than the previous month but 15.6 percent more than September of last year. Single-family construction, once again, down from the previous month, continued the trend of strong year-over-year gains with permits issued totaling 12,450 in September, down 7 percent from the previous month but up a solid...