California single-family housing starts fell for the second straight month in July, but are still on pace to reach a 14-year high for the year, according to the California Building Industry Association.Construction started on 11,751 new single-family homes in July, down from 12,571 in June. Still, the first seven months of 2003 have seen 13.5% more starts than the corresponding period in 2002, and the CBIA projects a total of 186,000 starts for the year, the highest since 1989. Multifamily construction remained strong, rising 8.9% since June and 27.4% over the past year. Combined single-family and multifamily housing starts for 2003 are 114,374, up 22.4% from the same period in 2002.
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