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San Diego
Friday, Apr 19, 2024
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County’s Construction Starts Declined 25 Percent in 2015

San Diego County finished 2015 with construction starts valued at approximately $3.12 billion, down 25 percent from 2014, according to the latest numbers from research firm Dodge Data & Analytics.

Based on building permits pulled, the region saw the value of nonresidential projects decline 61 percent for the year, at $1.15 billion. That was partly offset by a 69 percent rise in residential projects, which totaled $1.97 billion in 2015.

Nonresidential projects include construction related to office, industrial, retail, hotel, government, education and other nonhousing buildings. The residential category includes single-family and multifamily projects.

For the month of December, total project values were down 54 percent from the same period of 2014, at $171.1 million. Nonresidential projects dropped 65 percent, to $80.2 million, and the residential category was down 36 percent, at $90.9 million for the month.

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