Home construction sinks in California

Real estate brief

Single-family home construction in California, as measured by building permits issued, have fallen about 30.4 percent during the first 10 months of the year compared to the same period last year, the California Building Industry Association reported today.

The builders’ trade group reported 20,645 single-family permits issued from January to October this year, compared to 29,671 for the same period last year.