Orange County Dip Causes Cut in Home Starts
California housing production--as measured by building permits for new housing--fell by 6.3% in July from June.
The decline was attributed to June’s accelerated taking of permits for single-family houses in Orange County and a continued drop in multifamily housing starts, The survey by the Construction Industry Research Board showed that new single-family housing units fell by 8.4% and multifamily units were down by 2.3%. The latter were down by 30.7% from July, 1987, but single-family starts were up 28.4% from July, 1987, according to Ben Bartolotto of the Burbank-based CIRB.
New housing permits totaled 245,300 on a seasonally adjusted annual basis in July, down 6.3% from June’s 261,900. Bartolotto said that Orange County’s near-record 2,304 June single-family permits dropped to only 174 in July, after a growth-control initiative was defeated at the polls.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
