California housing permits increasing

California’s Department of Finance reports that housing permits increased by nearly 22 percent from August to September, representing 41 percent growth from 2018. This is in line with Governor Gavin Newsome’s pledge to develop 3.5 million homes in Calfironia by 2025.

Overall, multi-family units increased by 47 percent while single-family dwellings actually decreased by 2 percent. Also, while the increases are encouraging, 2018 numbers were very low.

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