California housing starts fell for the seventh consecutive month in September 2006, declining 46.6 percent compared with the construction pace recorded one year earlier, the California Building Industry Association (CBIA) recently reported. Based on the number of building permits issued, 11,590 new housing units were started throughout the state in September, the fewest starts during a September since 1996, according to the report.Despite the decline, California builders are on track to produce 180,000 new single-family and multifamily units this year. CBIA anticipates multifamily construction to remain strong in most markets for the remainder of 2006 but expects single-family starts to fall by 20,000 to 30,000 units compared with 155,000 single-family starts in 2005. "As expected, the single-family sector remains challenged as homebuilders work toward reducing their year-end inventory," said CBIA Chief Economist Alan Nevin.
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