CHF|CIRB Releases May 2014 Housing Statistics

2014 Construction Summary
California’s private building activity is measured by building permits issued and building permit valuation totals.

 

May 2014

April 2014

May 2013

% Change From

April

2014

May

2013

Housing Permits

 

 

 

 

 

    Single-Family Units

3,569

2,994

3,611

19%

-1%

    Multi-Family Units

3,804

6,342

3,575

-40%

6%

Total Units

7,373

9,336

7,186

-21%

3%

Dollar Volume

 

 

 

 

 

    Residential

    (New + Alterations)

$ 2,093,112,407

$ 2,305,6178,691

$ 2,231,107,761

-9%

-6%

    Nonresidential

    (New + Alterations)

$ 1,821,504,418

$ 2,463,194,834

$ 1,827,886,459

-26%

-1%

Residential: 

  • New housing units in building permits issued for the month of May 2014 totaled 7,373, down 21% from 9,336 units in April of 2014 and up 3% from 7,186 units in May of 2013.
  • Single-Family units totaled 3,569, up 19% from 2,994 units in April of 2014 and down 1% from 3,611 units in May of 2013.
  • Multi-Family permits decreased by 40% in May 2014 when compared to April 2014, and increased by 6% when compared to May 2013.
  • The dollar volume of residential building totaled $ 2,093,112,407 in May 2014, down 9% from April 2014 and 6% from the same time last year.

Non-residential:

  • Building permits issued in May 2014 for private non-residential building have a total construction value of $1,821,504,418, decreasing 26% from April 2014 and by 1% as compared to May 2013. 

To order the full California Construction Review September report or for information on other CHF|CIRB products and services, please contact CHF|CIRB at (916) 340-3309. Visit the CHF|CIRB website http://www.mychf.org/go/cirb/.

About the California Homebuilding Foundation
Founded in 1978, the California Homebuilding Foundation (CHF) invests in the future of the homebuilding industry through endowments that provide college and graduate school scholarships and fund research on key public policy issues; compiles and publishes timely construction and new home statistics; provides training seminars; and supports high school courses to encourage young people to choose careers in the industry. The Foundation is the presenter of California’s top industry award, the Hall of Fame, which recognizes industry leaders and offers their career examples as an inspiration to others.

CHF|CIRB Report is funded in-part through grants provided by: The Davidson Family Foundation, Steve and Lynne Doyle Family Foundation, The Harry C. & Deborah L. Elliott Family Foundation, Dennis and Gloria O’Brien Foundation, North State Building Industry Foundation.