California Housing Construction Crashes

Metropolitan areas across the state need only two digits to count new housing starts. Some, such as the Marysville-Yuba City area, needed only one digit to count the number of housing starts in March.

"Back in February, CP&DR reported that the housing market appeared to be evolving, with infill and multi-family activity remaining stronger than construction of single-family housing tracts. So far this year, the numbers for multi-family housing do not support our thesis. But it is true that the downturn is most dramatic in the exurbs of the Inland Empire and the Central Valley."