In August, single-family permits were up nearly 7% over the sameperiod last year, according to housing firm the Meyers Group.August had 2,915 permits issued, a whooping 26 percent increasefrom July's pace.
Some builders may be stocking their pipeline with permits inanticipation of the possible passage of Proposition 202, whichwould require most cities in the state to draw growth boundariesthat would limit development. The vote is Nov. 7.
Although permit activity is up, closings are keeping pace.Meyers reported 2,813 new-home closings during August.
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