Housing starts decline in California…

Homebuilders pulled permits for 2,815 total housing units in October, a decline of 6 percent from September and 33 percent from October 2008, according to the Construction Industry Research Board (CIRB).  Permits for single-family homes totaled 2,017, down 9 percent from the previous month and 14 percent from the same period last year.  Permits for multifamily units totaled 798, an increase of 5 percent from September, but a 57 percent decline from a year ago.

During the first 10 months of the year, permits were pulled for 29,901 units, down 46 percent from the same period last year when 55,632 permits had been issued. Single-family units were down 30 percent while multifamily units were down 64 percent.

CIRB is forecasting permits will be pulled for just 36,000 total units in 2009, the lowest total on record.

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