Housing starts jumped sharply last month in California and Sacramento from a year earlier, an industry association said Wednesday.
But the California Building Industry Association, which released the statistics, said the increased activity in January might not mean much.
"Given the fact that we're comparing this month to one of the lowest months on record doesn't exactly bring a housing recovery to mind," said association President Liz Snow in a press release. "Still, it's nice to see some increase in homebuilding activity."
Some 2,979 housing permits were pulled statewide in January, up 48 percent from a year earlier but down 18 percent from December.
In the Sacramento region, 211 permits were pulled in January. That was up 41 percent from a year earlier. It was also an increase of 23 percent over December.
The figures were a far cry from the boom era. In January 2006, for instance, 707 housing permits were pulled in Sacramento.
Written by Dale Kasler - Sacramento Bee
Comments(0)