New-Home Construction in California Up 21% in November

The latest data from CBIA and the Construction Industry Research Board shows California homebuilders pulled permits for 21% more homes in November when compared to the same month a year ago.

That sounds good, but let's not forget that it doesn't begin to get us back to where we need to be in order to meet housing demands in our state. And right now we're building a record low number of units at the same time our state's population is growing.

It seems that multi-family permits are responsible for the boost. Permits were pulled for 3,175 total housing units in November, up 21% from the same month a year ago and up 35% from October. But permits for single-family homes totaled 1,318, down 28% from November 2009 and down 10% from the previous month, while multifamily permits totaled 1,857, up 129% from a year ago and up 108% from October.

The story is a little different in the Inland Empire. 

In Riverside and San Bernardino counties, permits were pulled for 385 total housing units in November, down 44% from the same month a year ago and up 26% from October. Permits for single-family homes totaled 265, down 29% from November 2009 but up 6% from the previous month. Multifamily permits totaled 120, down 62% from a year ago and up 122% from October.

For the first 11 months of 2010, a total of 5,666 permits were pulled in Riverside and San Bernardino counties. That down 7% when compared to the first 11 months of 2009.

View the permit table