The number of housing unit permits issued in April declined from the year-ago level in both the state and Southern California
According to the latest Construction Industry Research Board (CIRB) report, the number of housing unit permits issued in April declined from the year-ago level in both the state and Southern California, with Orange County the only one bucking the trend. For the first 4 months of the year, however, activity is still ahead. Total permits issued in the state were up 6.9%, with the bulk of the gain in the multi-family sector, up 23.0%. The 4-month total in Los Angeles County was ahead 37.7%, and again multiple units lead the charge with a 59.3% increase. Orange County, however, lagged, running 5.0% behind the comparable 1999 total, with the single-family sector down, while apartments were modestly ahead. The Riverside-San Bernardino area was up a quiet 4.1%, with the apartment sector providing the punch. The 4-month permit total was down 13.1% in San Diego County, with weakness in both singles and multiples. Ventura County was off 11.5%, with singles being the drag. In the Bay Area, the 4-month total for the San Francisco area plunged 39.5%, but the Oakland area's housing permit total was up 27.6%. San Jose was running ahead 39.5%.
Thanks to Chris Steins
FULL STORY: April 2000 Housing Permits Soft
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