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BRIEFLY

California housing construction rallied in March.

May 11, 1987

The increase in California housing production after two consecutive slow months was reported by the California Building Industry Assn. Led by single-family building, the number of housing permits issued rose 21.8% from February, the association said. But the March annual rate of 283,000 units was 10.1% lower than the rate for March of last year. For single-family homes, 159,200 permits were taken out, an increase of 22.4% from February and an increase of 33.3% from March, 1986. For apartment and condominium units, the annual rate in March was 124,000 permits, an increase of 21.1% over February but a drop of 36.5% from February, 1986.

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