header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
May 26
1956 - Placerita Canyon State Park dedicated [story]
Oak of the Golden Dream


[BIASC] – Boosted by a major increase in apartment construction, statewide housing starts continued on an upward path during February and March, the California Building Industry Association reported Thursday.

The statistics are the last building permit data to be compiled by the Construction Industry Research Board, which after more than 35 years in operation is being taken over this month by the California Homebuilding Foundation, a CBIA affiliate.

Statewide housing starts, as measured by permits issued, totaled 6,092 in March, up 73 percent from February and up 32 percent from March 2011. Single-family permits totaled 1,922 in March, up 26 percent from February and 5 percent more than March 2011. And multifamily permits shot up to 4,170 in March, more than double February’s total and up 50 percent from the same month a year ago. It was the largest monthly multifamily total since November 2002.

On a quarterly basis, single-family construction during the first three months of 2012 was 3 percent greater than the same period a year ago, multifamily permits were up 37 percent and total housing production climbed by almost 21 percent.

During the first quarter, single-family construction was highest in the Inland Empire counties of Riverside and San Bernardino; Los Angeles County; and the Sacramento region. By far the most multifamily production was in L.A. County, followed by San Diego and Orange counties.

CIRB projects that total production in 2012 will be 57,000 homes and apartments compared to the estimated 47,100 units built last year. That would still be the fourth-lowest annual production in the past 30 years and the second-lowest level in single-family construction.

Mike Winn, CBIA’s president and CEO, said the upward trend is encouraging but urged policy makers at the state and local level to continue working with homebuilders in order to spur economic growth and tax revenue.

“Homebuilding has to really get back on its feet before the state will see real economic growth, and with the number of foreclosures and other distressed sales still high, builders have to be able to compete on price,” Winn said.

“Unfortunately, high government fees and other costly restrictions often mean a project can’t get under way and will remain on the drawing board. State and local officials need to understand today’s market conditions and recognize that building more homes designed for today’s customers equals jobs, economic growth and increased revenue for government programs.”

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


Latest Additions to SCVNews.com
1956 - Placerita Canyon State Park dedicated [story]
Oak of the Golden Dream
1966 - Mustang Drive-In theater opens on Soledad Canyon Road [story]
Mustang Drive-In
ARTree invites the Santa Clarita Valley community to be a part of this recycled bottlecap art project. Families can participate in the making of the mural at the Old Town Newhall Branch of the Santa Clarita Library on June 1, from 2:30-4 p.m.
June 1: Be Part of the Bottlecap Recycled Art Project
Children’s Bureau is seeking foster families and now offers two virtual ways for individuals and/or couples to learn how to help children in foster care while reunifying with birth families or how to provide legal permanency by adoption.
June 20: Foster Families Sought, Attend a Virtual Orientation
As part of the I-5 North County Enhancements Project, OHLA-USA will be extending the existing southbound Calgrove Boulevard off ramp.
Calgrove SB Off Ramp Nighttime Closure May 29-June 28
The public is invited to celebrate the third annual California State Parks Week, June 12-16. This year’s theme: “This is Where You Live” will offer more than 200 events presented by California State Parks, Save the Redwoods League, Parks California and California State Parks Foundation.
Celebrate Third Annual California State Parks Week June 12-16
The NAACP Santa Clarita will host its Annual Juneteenth Celebration over two days, June 14-15. Day one will feature an adults only game night mixer and day two will feature a family celebration at Central Park.
June 14-15: NAACP Santa Clarita Junteenth Two-Day Celebration
Santa Clarita Ballet will present "The Wizard of Oz" on the main stage of the Santa Clarita Perfomring Arts Center at College of the Canyons on Saturday and Sunday June 8-9 at 2 p.m.
June 8-9: Santa Clarita Ballet Performs ‘The Wizard of Oz’
The Remo Music Center is dedicated to providing an atmosphere where people from all walks of life, of all ages, with or without a musical background, can experience making music with others in a welcoming, friendly, non-challenging environment and experience the benefit and joys of making music.
Free Kids, Family Drum Circle at Remo Music Center
After years of hard and heartfelt work, Bridge to Home celebrated the opening of their permanent year-round shelter in Santa Clarita on May 21.
Kathryn Barger | Keeping Up With Kathryn
Volunteer Cabin Counselors at The Painted Turtle Camp are being sought for June 8 - July 30. The mission of The Painted Turtle, a 501(c)(3) nonprofit, is to provide a year-round, life-changing environment and authentic camp experience for children with chronic and life-threatening illnesses.
Painted Turtle Volunteer Cabin Counselors Sought
The city of Santa Clarita invites volunteers to join the Wildland Weekend Warriors in planting and watering plants in Golden Valley or Elsmere Canyon Open Space, or Taylor Trailhead to feed the local pollinators and wildlife. For this project, volunteers should bring work gloves. A long-handled shovel is optional, but helpful.
Wildland Weed Warriors Sought for Open Space Areas
California State Assemblywoman Pilar Schiavo, (D-Chatsworth) announced that all of her bills on the Assembly floor have passed with all but one receiving bipartisan support, and are now moving forward for consideration in the Senate.
Schiavo’s Legislative Package Advances to Senate
California State Sen. Scott Wilk (R-Santa Clarita) has announced that his bill to make wildfire settlement payments tax free was approved unanimously on the Senate floor.
Wilk’s Bill to Make Wildfire Settlements Tax Free Clears Senate
A free scrap tire collection event will be held Saturday, June 22 from 9 a.m. to 3 p.m. at the Via Princessa Metrolink Station, 19201 Via Princessa, Santa Clarita, CA 91321.
June 22: Free Scrap Tire Collection Event
Los Angeles County Assessor Jeff Prang is reaching out to disabled veterans throughout L.A County to remind them that they may qualify for a significant property tax savings.
Disabled Vets Can Qualify for Property Tax Savings
The Santa Clarita Valley Economic Development Corporation 2024 Economic Outlook Forecast event will be held Friday, Sept. 27 the Santa Clarita Perfomring Arts Center at College of the Canyons.
May 31: Last Day for Early Bird Tickets to SCVEDC 2024 Economic Outlook
The Master's women's 4x800 relay team got to stand on the podium after an eighth-place finish, and several individuals qualified for event finals, at the NAIA Track & Field National Championships.
TMU Women’s Relay Team Earns a Podium
A City Wide Revival led by Eriona Grabocka of Eriona Grabocka Ministries will be held Friday, May 31 at Cougar Stadium Rockwell Canyon Road, Santa Clarita, CA 91355.
May 31: City Wide Revival at Cougar Stadium
The Santa Clarita City Council will hold a regular meeting on Tuesday, May 28 at 6 p.m. that will discuss road work projects, development projects, state legislation and a Public Hearing regarding an amendment to the Tourism Marketing District Ordinance that would update the benefit zone to include newly constructed hotels
May 28: City Council to Discuss Development, Roads, Legislation
1860 - Colonel Thomas F. Mitchell arrives in Soledad Canyon [story]
T.F. Mitchell
The Society Comedy Troupe Improv Night: April Foolsish Show will appear on stage at The MAIN in Old Town Newhall on Saturday, June 1 at 8 p.m.
June 1: Society Comedy Troupe Improv Night at The MAIN
"Splash in the Water" at Castaic Lake is a free boating and water safety event for children ages 7 to 14. Presented by California State University, Northridge, and Los Angeles County Parks and Recreation. The program runs on Fridays now throuogh Aug. 9.
‘Splash in the Water’ at Castaic Lake
"The Play That Goes Wrong" will open 8 p.m. Saturday, May 25 at the Canyon Theatre Guild in Old Town Newhall. The opening night performance will also feature a free wine and champagne reception for ticket holders.
May 25-June 29: ‘The Play That Goes Wrong’ at CTG
SCVNews.com