Permits Show Dip in Construction of Residential Units
- Share via
Residential building in July dropped 5.2% from June, as measured by permits issued for new units, according to the California Building Industry Assn.
In July, builders took out single-family permits at an annual rate of 120,000, compared to June’s annual rate of 129,600 units, a drop of 7.2%. In the multifamily sector, 118,400 permits (annual rate) were issued in July, a drop of 3% from June’s 122,000.
The figures were released by CBIA president J. A. Farina, a Fresno-based builder, who also observed that based on information from the Construction Industry Research Board, 82% of the June-July decline can be traced to San Diego County, where total units dropped 67%.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
