Mini building boom ends in California
Builders continue to pull permits at lower rates
By Inman News, Thursday, September 24, 2009.California builders pulled permits to build 2,119 single-family housing units in August, the California Building Industry Association said -- about the same number as in July, when builders blamed a sharp decline on the demise of a $10,000 state tax credit for new home purchases.
Looking back a year, single-family housing permits were down 5.9 percent in August, CBIA said, citing statistics compiled by the Construction Industry Research Board (CIRB).
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