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by CareyBot

The number of residential building permits issued in California in September dropped to the lowest level for that month since 1996, the Construction Industry Research Board reported, and fell 46.6 percent compared to September 2005. The number of single-family building permits issued in the state dropped 56.7 percent in September compared to September 2005 and was down 15 percent compared to August. For the first nine months of the year, the number of single-family building permits issued has dropped 28.7 percent compared to the first nine months of 2005. Meanwhile, the number of multifamily permits issued in the state fell 21.2 percent in September compared to September 2005, dropped 9.7 percent compared to August, and rose 4.1 percent in the first nine months of the year compared to th...