Homebuilding In O.C. Rising Slowly

Homebuilding in Orange County is beginning to rise again. 126 single-family residence permits were issued

in Orange County in September – which was a 63.6% increase from August and a 14.5% from September 2008.

Overall the number of building permits issued in Orange County so far are down 10.6% from 2008. In the last nine months builders have received 955 houses compared to 1,068 in the first nine months of 2008. The biggest drop in permits had to do with multi-family units. In September builders took out a mere 17 multi-family unit permits, a 90.2% drop from last year.

San Diego County and the Inland Empire saw the number of permits increase as well.