Advertisement
YOU ARE HERE: LAT HomeCollections

SOUTHLAND PREVIEW / The Business Week Ahead

Southland

October 16, 1995|Times Staff Reports

Hot House: The Commerce Department will release September housing construction figures Thursday, and most industry observers expect a strong performance for Southern California. Home construction in the state and the rest of the nation has been robust all summer long, thanks to a decline in interest rates and pent-up demand, according to economists. All signs--but notably the number of building permits issued the previous month (construction usually starts a month after a permit is issued)--suggest that September was busy for California home builders. In August, the number of single-family housing permits issued on a seasonally adjusted annualized basis jumped 12.1% from July to 88,000 units, according to the Construction Industry Research Board. "We had a very slow start this year," Wells Fargo real estate economist Chris Taylor said, but "the last couple of months in California residential construction have looked pretty good."

Advertisement
Los Angeles Times Articles
|
|
|