The latest data from CBIA and the Construction Industry Research Board shows California homebuilders put up the second-lowest number of homes for a single year in 2010, posting a modest improvement over the record-low that was set in 2009.
CBIA said just 44,601 permits were issued statewide last year for new homes, apartments, condominiums and townhomes, up 23% from 2009, but down 31% from 2008, which had held the distinction of the second-lowest total on record with 64,962 permits issued. Records began being kept in 1954 with the lowest yearly total set in 2009 with 36,421 permits issued.
In Riverside County, the difference between single-family and multi-family permits was vast.
A total of 3,887 single-family permits were pulled in 2010, up 5% from 2009, and up 2% from 2008. However, permits for multi-family homes totaled 538 in 2010, down 29% from 2009 and down a whopping 74% from 2008.
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