Anyone related to the building industry in Southern California knows that housing starts have fallen dramatically from where they were six years ago. So it's really no surprise that housing starts fell again in September, as reported this week.
The good news is that there are signs of improvement. As reported in today's Contra Costa Times, builders in Riverside and San Bernardino counties pulled 4.1% more housing permits in the first nine months of 2010 compared to 2009.
Our own Riverside BIA CEO Mark Knorringa was quoted in the article:
"There won't be anything that will return to what we've historically seen," Knorringa said. "But little by little we're going to find our way out of this."