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California housing production rose sharply in May and posted the highest monthly permit total for the year on the strength of the multifamily sector, the California Building Industry Association recently reported.

According to statistics compiled by the Construction Industry Research Board (CIRB), permits were pulled for 4,630 total housing units in May, up 42 percent from the same month a year ago, and up 28 percent from April. Permits for single-family homes totaled 1,908, down 7 percent from May 2010 and down 6 percent from the previous month, while multifamily permits totaled 2,722, up 124 percent from a year ago and up 71 percent from April.

“While it seems we had a great month in May, these gains are largely attributed to the multifamily sector,” said Mike Winn, CBIA’s president and CEO. “The construction industry as a whole is still struggling, and we must continue to encourage our lawmakers to ‘do no harm’ as the industry continues to recover.”

C.A.R.

Posted by Adam Andrus on July 7th, 2011 9:09 AMPost a Comment (0)

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