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May 2009 Monthly Analysis
> Construction
CONSTRUCTION PERMITS
The following tables and graphs compare the 12-month
periods of May 2007 – April 2008 and May 2008 – April 2009. This method provides a
year-over-year comparison and can be less volatile than the month-over-month comparison.
In a comparison of these two twelve-month periods, the East Bay showed a decrease in
construction permit values, falling 30.7 percent (over $1 billion) from the previous
period. All other Bay Area regions posted losses during this period as well.
|
Region
|
Total Value of Construction Permits
5/08 – 4/09
|
Annual Change in Total Value of
Construction Permits
5/07-4/08 vs. 5/08-4/09
|
Annual
Percent Change
|
|
East Bay
|
$2,339,544,388
|
-$1,038,718,483
|
-30.7%
|
|
Napa
|
$342,043,454
|
-$60,568,107
|
-15.0%
|
|
San Francisco
|
$2,663,041,173
|
-$1,866,667,091
|
-41.2%
|
|
San Jose
|
$2,548,282,086
|
-$650,474,765
|
-20.3%
|
|
Vallejo-Fairfield
|
$637,300,752
|
-$334,039,175
|
-34.4%
|
RESIDENTIAL & NON-RESIDENTIAL PERMITS
When comparing the two previous 12-month periods of May 2007 – April 2008 and May 2008 –
April 2009, residential permit values fell throughout the Bay Area with the steepest
declines occurring in the East Bay (down 37 percent) and San Francisco (down 41 percent)
regions. Non-residential construction permit values also fell in all Bay Area regions
during this period, falling over 21 percent in the East Bay.
NON-RESIDENTIAL -- COMMERCIAL &
INDUSTRIAL
In a comparison of commercial and industrial
construction permits issued during the same two 12-month periods, the dollar value of
commercial permits issued in the East Bay fell 34.9 percent when compared to the
previous period. Commercial building permit values fell in the double-digits throughout
the Bay Area during this period, falling most sharply in the San Francisco region (down
59.4 percent). Industrial permit values were also down during this period, falling 10
percent in the East Bay region.
SINGLE & MULTI-FAMILY PERMITS
All Bay Area regions saw significant residential
construction declines when compared with the previous 12-month period. Single family
permits in the East Bay fell 47.4 percent during this period, while multi-family permits
fell 38 percent.
EAST BAY CONSTRUCTION
The following charts show the number and value of single, multi-family, residential and
non-residential construction permits issued in East Bay cities for the twelve-month
period ending April 2009.
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