State’s Building Permits Down in 1990: Building...

State’s Building Permits Down in 1990: Building permits for new houses in the slumping California market plunged by 30.8% last year to the lowest total since the 1982 recession, the California Building Industry Assn. reported. “I hope we have reached the bottoming-out point and that we will now begin an upward trend in monthly housing production figures,” said the trade group’s chief executive, Robert Rivinius. Rivinius said permits for both single-family and multifamily units dropped to 164,393 last year, their lowest level since the early 1980s. In 1982, the figure was 85,656.