The Morning Report
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Last month, builders started construction on about half as many single-family homes in San Diego County as they did last year in October, according to a new report.

The statistics from the Construction Industry Research Board show 258 housing starts for single-family housing units – which include condos and townhouses – in October.

That’s a 21-percent drop from September, and a 46.5-percent drop from October 2005.

In the first ten months of 2006, the county’s seen 4,178 single-family housing starts. By the end of October last year, there’d been 7,154. That’s a downward shift of about 42 percent.

The state saw a 46.8-percent year-over-year change, and 20 metro areas out of 29 examined saw drops of at least 40 percent over the year. You can see the report by clicking here.

Or, click to read more about homebuilder cutbacks and the inventory buildup.

KELLY BENNETT

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