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A blog about the economy and the Sacramento-area real estate market.

November 24, 2009
Housing starts rise in region as they fall statewide
As the region's housing slump enters a fourth year, capital-area homebuilders reported starting 199 new houses during October in El Dorado, Placer, Sacramento and Yolo counties, the California Building Industry Association said in a news release today.

Breakouts by metro areas across California, including Sacramento and Yuba/Sutter, are here.

The capital region's tally was up 31 percent from September's 152 starts, the CBIA said.

Construction starts rose across the region even as they fell statewide by 5.5 percent from September to October. California builders took out 2,815 building permits for single-family homes, apartments, townhouses and condos.

Regionally, as well as statewide, builders are starting far fewer houses than last year. Capital-area homebuilders have started 2,387 dwellings in the first 10 months of 2009. That's 51 percent fewer than the same period last year.

Statewide, builders started 29,901 new residences from January through October, and expect to finish the year at about 36,000, the CBIA said. Like last year, that would be the lowest tally since the state started keeping records in 1954.

Builders in Yuba and Sutter counties started 10 homes in October, compared to 20 in September. They started 136 dwellings the first 10 months of 2009, compared to 233 the same time last year, the CBIA reported.

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