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Apartment Construction Soars 25%

IRVINE, CA--A sharp increase in Orange County's multifamily sector helps to push statewide housing development to its highest level in 10 years.

By David W. Myers | Updated on July 30, 2000

Strong gains in Orange County’s multifamily sector have helped to push home construction in California to its highest level in a decade, according to a new report.

Permits for residential construction statewide were taken out at a 188,160 annual rate in June, up 25% from a year earlier, according to the Burbank-based Construction Industry Research Board. Multifamily permits accounted for a healthy 42% of activity, compared to a usual share in the 30%- or even 20%-range, says Ben Bartolotto, the nonprofit group’s economist.

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