State Housing Permits Plummet: In another measure...
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From Times Staff and Wire Reports
State Housing Permits Plummet: In another measure of the state’s housing slump, building permits in California dropped 22.6% in October from September, according to the California Building Industry Assn. In October, California home builders took out permits at an annual rate of 117,200 units. That is down 53.7% from October, 1989, and the lowest annual rate since March, 1983.
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