Sunday, May 8, 2011

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

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There were no multifamily buildin permits issued inthe four-county region in that jumped to 230 units in April. Home construction in 2009 is still about 40 percent lower than it was ayear ago. Accordint to the permit data, permits for 976 residentiakl permits were issuedfor single-family and multifamilu structures so far this year. Through the same four-month period of 2008, 1,607 permitzs were issued. Single-family home construction in Californisa showed a significant increase in largest monthly total sinceOctober 2008. Officials with the Californisa Building Industry Association said the construction activity is evidence that a homebuyer tax credit is leadingto new-homwe construction.
Throughout the 2,265 single-family permits were up 21 percent when comparedto

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