Residential Building Permit Values Up 21 Percent, Commercial Down 9.8
July 5, 2010
From January through May, local construction continued a slow recovery from a lingering slump, with the overall value of San Diego County residential and commercial building permits rising 7.8 percent from the same period of 2009.
However, figures released June 24 by the Construction Industry Research Board show credit for the rebound goes mostly to residential building.
In what’s become a familiar pattern so far this year, the value of residential building permits – for the construction of new single and multifamily housing, as well as alterations and additions — rose 21.5 percent through the end of May compared with a year ago.