My New Blog

California housing starts rose 10 percent in September compared with the prior month, and were primarily driven by an increase in the multifamily sector, the California Building Industry Association announced this week.

According to statistics compiled by the Construction Industry Research Board (CIRB), permits were pulled for 3,291 total housing units in September, up 10 percent from the same month a year ago but down 35 percent from August. Permits for single-family homes totaled 1,463, down 16 percent from September 2010 and down 25 percent from the previous month, while multifamily permits totaled 1,828, up 45 percent from a year ago but down 41 percent from August.

C.A.R.