Industry News

Housing starts hit 16-year high in California

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California home builders, making up for production delays earlier this year, began construction on nearly 11 percent more single-family homes in June of this year than they did in June 2004, pushing total housing starts during the first six months of the year ahead of last year's near-record pace, the California Building Industry Association reported Thursday. In fact, June's 16,032 single-family housing starts, as measured by building permits issued, was the highest June total since 1989, according to figures compiled by the Construction Industry Research Board. Multifamily starts in June were 22.2 percent lower than June 2004 but 2 percent higher than May. (CIRB reported, however, that several jurisdictions submitted their multifamily permit data after the report was compiled. When these units are included, multifamily starts increased by almost 8 percent over May but were still lower than June 2004.) Steve Doyle, a San Diego home builder and 2005 CBIA president, said the reason fo...