Industry News

California home production down in 2005

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Housing production in California was down slightly in 2005, but still broke the 200,000-unit mark for the second year in a row, the California Building Industry Association announced Thursday. According to preliminary year-end data compiled by the Construction Industry Research Board, housing starts – as measured by building permits issued – totaled 207,154 during 2005, a 2.7 percent decrease from 2004. The total includes 154,816 single-family homes (up 2.2 percent from 2004) and 52,338 apartments and condominiums (down 15 percent). "As anticipated, California concluded 2005 with the building permit count within 3 percent of what the industry recorded in 2004 – which was the highest total since 1989," said CBIA Chief Economist Alan Nevin. "Most metropolitan areas, as well as the more rural counties, experienced strong permit activity, with particularly vibrant construction in the San Joaquin Valley," he said. "A turndown of activity in November and December is indic...