Monday, March 28, 2011

April housing starts jump on multifamily permits - Sacramento Business Journal:

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There were no multifamily building permits issuex inthe four-county regio in March; that jumped to 230 units in Home construction in 2009 is still about 40 percent lower than it was a year ago. Accordinfg to the permit data, permits for 976 residential permitsa were issuedfor single-family and multifamilyu structures so far this year. Through the same four-montn period of 2008, 1,607 permitsz were issued. Single-family home construction in California showee a significant increasein April, largest monthly totaol since October 2008.
Officials with the California Buildin Industry Association said the constructiobn activity is evidence that a homebuyer tax credit is leadingto new-home construction. Throughout the state, 2,265 single-family permits were issued, up 21 percent when compared to March.

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