The California Building Industry Association is a statewide trade association representing thousands of businesses, homebuilders, remodelers, subcontractors, architects, engineers, designers and other industry professionals. A recent study determined that homebuilding generates approximately $60 billion a year to the California economy and creates an estimated 526,000 jobs statewide.
Looking for housing numbers? We've got you covered with monthly housing starts, new home sales and median sales prices of new homes, quarterly housing affordability numbers, and complete sets of statistics broken down by metro region. Our numbers come from reliable sources, including CIRB, Hanley Wood Market Intelligence and NAHB/Wells Fargo Market Intelligence.
Read the most recent releases from CBIA on housing construction, new home sales and other topics relevant to the homebuilding industry. Older releases can be accessed in our press release archive.
What is happening in the homebuilding industry? Summaries and links to the day's top housing and homebuilding news from media outlets are posted in this section every weekday. Industry News is also available to members and or media by subscribing to a daily email.
Read stories on some of the issues related to CBIA and its history.
- Economic Analysis of New School Construction and Modernization Projects Finds Massive Job and Economic Benefits for California
The Center for Strategic Economic Research (CSER) today released an economic impact summary that provided an analysis of the full range of economic stimulus and annual benefits of new school construction and modernization projects.
Amongst its findings, CSER found that the existing $3 billion pipeline of new school construction and modernization work could result annually in more than 15,000 new jobs, $990 million of employee compensation (salaries/wages and benefits), $99.8 million in state and local tax revenue and more than $2.5 billion of overall economic output benefits for California’s economy.
- CHF|CIRB Releases May 2014 Housing Statistics
Construction permits cooled down in May after April’s surge of activity brought year to date totals up from the slow first quarter of 2014. History indicates that a decrease in permit activity is not unusual for May when compared to April and May of 2013. Currently, year-to-date totals for single family and multi-family units trail behind 2013 by a mere 2%.
Other Highlights from the May 2014 California Construction Review:
- Single-family permits were up 19% from April 2014
- The largest project in May 2014 was an $80 million tenant improvement project and replacement of the Aldi Foods shell structure in Moreno Valley.
- California Construction employment averaged 662,800 in May 2014, up 4,600 from April 2014.
- The unemployment rate in May 2014 for the State of California employees was 7.1%, down by 0.2% from 7.3% in April 2014.
- CBIA Announces 2014 Leadership Team
The California Building Industry Association, the voice of housing in California, is pleased to introduce its 2014 Board of Directors’ leadership team.