Total housing production in California posted its first decrease in five months in September, according to the California Building Industry Association.
According to statistics compiled by the Construction Industry Research Board, homebuilders pulled permits for 2,562 total housing units in September, down 16 percent from the same month a year ago and down 31 percent from August. Permits for single-family homes totaled 1,604, a decrease of 30 percent compared with September 2009 and 14 percent compared with the previous month. Multifamily permits totaled 958, up 27 percent from a year ago but down 48 percent from August.
For the first nine months of the year, permits were pulled for 32,025 units, a 17-percent increase compared with the same period in 2009. Single-family permits rose 1 percent while multifamily permits increased 53 percent .
Source: California Building Industry Association
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