Industry News

Single-family building permits fall in California

Condo, apartment construction rises compared to last year

Building permits issued for single-family homes in California dropped 41.8 percent in August compared to August 2005, the California Building Industry Association reported today, and building permits dropped 5.9 percent compared to July 2006. Meanwhile, total single-family and multifamily housing starts in August climbed 14.4 percent compared to July while falling 25.3 percent compared to August 2005. A statewide total of 7,838 permits were pulled for single-family homes statewide, down 5.9 percent from July, while multifamily housing starts -- condos and apartments – totaled 5,290, up 68.1 percent from the previous month, according to the report. Building permits for a total of 13,128 homes, condos and apartments were issued in August, according to statistics compiled by the Construction Industry Research Board, a nonprofit research center. For the first eight months of the year, the number of single-family building permits issued has fallen 24.7 percent compared to the same p...