Bad news for Gavin Newsom's housing goals: New home permits are down in California
California communities are approving residential building permits at a slower rate than they did last year, a sign Gov. Gavin Newsom faces an even bigger hurdle to reach his housing goals than when he took office in January.
In the first five months of 2019, cities and counties issued permits for an average of 111,000 residential building units per month, according to data released Friday by the California Department of Finance.
Thats a decrease of 12.2 percent from the same period in 2018.
Permits for multi-family units like apartments declined by an even greater rate, falling by 42.2 percent to a seasonally adjusted average of 46,000 units per month.
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