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Friday, Jul 19, 2024
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County Construction Starts Down 3 Percent in 2017 After Steep May Decline

The value of San Diego County’s construction starts declined 3 percent in the first five months of 2017, to just over $1.51 billion, as both the residential and non-residential categories experienced much steeper declines from a year ago during the month of May.

According to the latest monthly figures from research firm Dodge Data & Analytics, based on building permits pulled during the January-to-May period, new residential projects totaled more than $910.4 million in value, for a 21 percent increase. But that gain was offset by a 25 percent decline in the non-residential category, with projects totaling just over $607.1 million.

The residential category includes single- and multi-family projects. The non-residential segment includes non-housing projects, such as retail, office, industrial, hotel, government and education buildings.

For the month of May, overall project starts declined 52 percent from a year ago, to $257.5 million. The residential category was down 47 percent, at $114.7 million, while the non-residential category dropped 55 percent, to just under $142.8 million.

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