San Diego Business Journal

County Construction Activity Up 47 Percent

By Lou Hirsh Tuesday, October 25, 2011

San Diego County construction activity, measured in building permit valuations, rose 47 percent from a year ago in the first nine months of 2011, according to data released Oct. 24 by the Construction Industry Research Board.

Builders took out permits for residential and commercial projects — including new construction, expansions and renovations — worth $1.83 billion from January through September, compared with $1.24 billion in the first nine months of 2010. The total also beat the comparable period of 2009, though fell short of the $1.98 billion seen in the same period of 2008.

Figures showed residential building activity up 32 percent, to just over $1 billion, led by a 145 percent jump in the value of multifamily projects. Single-family permit valuations were up 10 percent from a year ago.

Nonresidential building was up 73 percent, to $819 million in permits, although 62 percent of that dollar total was for renovations and expansions rather than new construction, according to data from the nonprofit industry research bureau.