CHF|CIRB October Permit Statistics
Multi-family housing projects in 2014 continue to carry new residential construction above the permit activity in 2013. In the month of October, a total of 5,453 new multi-family units were issued, producing a significant increase from the previous month’s totals and from October of last year. New single-family homes remained consistent with average monthly totals at 2,656 units. Year-to-date, new multi-family and single-family statistics revealed 69,443 total units – a 2.5% increase from 2013.
Other Highlights from the October 2014 California Construction Review:
- The dollar volume of residential building totaled $ 2,076,965,630 in October 2014, up 7% from September 2014 and also 7% from this same time last year.
- Building permits issued in October 2014 for private non-residential building have a total construction value of $ 2,207,546,273, increasing by 14% from September 2014 and by 30% as compared to October 2013.
- The largest project in October 2014 was a $296.5 million renovation of an airport terminal at LAX in Los Angeles City.
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