California New-Home Construction Rebounds in March

April 28, 2011

CBIA Announces: Total number of permits increases on strength of multifamily sector

April 25, 2011

SACRAMENTO – Total housing starts in California, as measured by the number of building permits issued, climbed 9 percent in March on the strength of the multifamily sector, the California Building Industry Association announced today.

According to statistics compiled by the Construction Industry Research Board (CIRB), permits were pulled for 4,130 total housing units in March, up 9 percent from the same month a year ago and up 69 percent from February. Permits for single-family homes totaled 1,644, down 32 percent from March 2010 but up 28 percent from the previous month, while multifamily permits totaled 2,486, up 82 percent from a year ago and up 113 percent from February.

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