California New-Home Construction Rebounds in March

The Construction Industry Research Board (CIRB) recently released some encouraging data on housing starts in California, as measured by the number of building permits issued. 

According to CIRB, permits were pulled for 4,130 total housing units statewide in March, up 9% from the same month a year ago and up 69% from February. Permits for single-family homes totaled 1,644, down 32% from March 2010 but up 28% from the previous month, while multifamily permits totaled 2,486, up 82% from a year ago and up 113% from February. 

For the first three months of the year, permits were pulled for 9,360 total units, down 10% when compared to the first three months of 2010 when 10,371 permits were issued. Permits for single-family homes were down 27% while permits for multifamily units were up 15%. 

View March statistics for CA's metropolitan areas