|
Research Facts & Figures
>
Economic Forecasts & Updates
>
Q3 2009 Quarterly Forecast
>
Construction Permits
CONSTRUCTION PERMITS
BAY AREA CONSTRUCTION PERMITS
| Region |
Total Value of Construction Permits 7/08 – 6/09 |
Annual Change in Total Value of
Construction Permits 7/07-6/08 vs. 7/08-6/09 |
Annual Percent Change |
| East Bay |
$2,125,460,348 |
-$1,039,820,952 |
-32.9% |
| Napa |
$305,236,266 |
-$89,899,358 |
-22.8% |
| San Francisco |
$2,432,761,180 |
-$1,883,248,081 |
-43.6% |
| San Jose |
$2,223,325,578 |
-$1,060,691,258 |
-32.3% |
| Vallejo-Fairfield |
$586,218,655 |
-$307,039,707 |
-34.4% |
The following tables and graphs compare the 12-month periods of July 2007-June 2008 and July 2008-June 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 32.9 percent (over $1 billion) from the previous period. All other Bay Area regions posted losses during this period as well.
RESIDENTIAL & NON-RESIDENTIAL PERMITS
When comparing the two previous 12-month periods of July 2007-June 2008 and July 2008-June 2009, residential permit values fell throughout the Bay Area with the steepest declines occurring in San Francisco (down 42.5 percent) and San Jose (down 34.9 percent). Non-residential construction permit values also fell in all Bay Area regions during this period, falling over 32.5 percent in the East Bay.
COMMERCIAL & INDUSTRIAL PERMITS
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 48 percent when compared with 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 70.6 percent). Industrial permit values throughout the Bay Area also declined during this period, falling 73.5 percent in the East Bay.
SINGLE AND 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 37.1 percent during this period, while multi-family permits fell 37.5 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 June 2009.
|