California Housing starts Fall for the first time in 10 years
By Annette Haddad, Times Staff Writer
New home construction in California fell last year for the first time in 10 years and could drop more sharply this year, according to a report released Thursday that provided the latest sign of a cooling real estate boom.Residential permits totaled 207,200 last year, the second-highest level in 16 years but 3% below 2004's rate, the California Building Industry Assn. said. The trade group blamed the decline on strict regulations that limited construction.
http://tinyurl.com/9uc62
New home construction in California fell last year for the first time in 10 years and could drop more sharply this year, according to a report released Thursday that provided the latest sign of a cooling real estate boom.Residential permits totaled 207,200 last year, the second-highest level in 16 years but 3% below 2004's rate, the California Building Industry Assn. said. The trade group blamed the decline on strict regulations that limited construction.
http://tinyurl.com/9uc62
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