Thursday
Sep222011
August Housing Starts Rebound Sharply in L.A. County
Thursday, September 22, 2011 at 10:07AM We're out with the August housing starts report and the good news is that permit activity rebounded nicely after an abnormally low July (which was caused in part by builders taking permits early because of new building code requirements).
The bad news is that almost all of the rebound was for apartments. Single-family and condo production remain at extremely low levels, and 2011 is likely to be the third-lowest year on record statewide. Chapter CEO Holly Schroeder once again urges local governments to reduce or at least defer fees as one way to help jumpstart housing construction.
Here's our release with links to L.A. and Ventura County production and statewide figures.
Reader Comments (1)
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