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June housing starts largest since end of '08

Thursday, July 29, 2010

By For The Madera Tribune

SACRAMENTO - Total housing starts in California continued to gain ground in June and posted the largest monthly total since Dec. 2008, the California Building Industry Association has announced.

According to statistics compiled by the Construction Industry Research Board, permits were pulled for 4,238 total housing units in June, up 19 percent from the same month a year ago and up 34 percent from May. It was the largest monthly total since Dec. 2008, when 4,658 total permits were issued.

Permits for single-family homes totaled 2,628, down 9 percent from June 2009 but up 33 percent from the previous month, while multifamily permits totaled 1,610, up 140 percent from a year ago and up 35 percent from May.

For the first half of the year, permits were pulled for 21,149 units, up 17 percent when compared to the first half of 2009 when 18,083 permits were issued. Single-family permits were up 8 percent while multifamily permits rose 35 percent.

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For The Madera Tribune
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