Thursday, March 06, 2008

California New Home Construction Slows Down

The California Building Industry Association (CBIA) reports that "According to housing permit data supplied by the Construction Industry Research Board, total housing starts in California, as measured by building permits issued, dropped 53 percent in January when compared to the same month a year ago to 4,700 units. Production of single-family homes fell 62 percent while construction of multifamily units decreased 34 percent when compared to January of 2007."

To read more: CBIA

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