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California Home Building Permits Drop Sharply

Posted by: Nate Berg

29 October 2006 - 11:00am

The number of permits issued for new home construction has taken a major downturn in California, where the amount of new home permits has fallen 47% since last year.

"Builders received permits for 11,590 homes -- including houses, apartments and condos -- in September, down 47 percent from 21,717 a year ago, according to the California Building Industry Association and the Construction Industry Research Board."

"There were 6,727 permits issued for single-family homes statewide, the fewest number for the month of September in 10 years and a decline of 57 percent from the same time last year."

Full Story: Building permits plummet
Source: The San Francisco Chronicle, October 28, 2006
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These practices are also inequitable since they force non-drivers to subsidize parking costs, reduce travel options for non-drivers, and reduce housing affordability.
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