Many organizations don't realize how crucial monthly permit statistics are to staying ahead of the construction curve. Numbers on a speadsheet can really translate into a useful tool for various analytical purposes, including economics, forecasts, bond statements, etc.
Statistics for April 2014 have exceeded total housing units from the previous month by 36%. Single-family units produced a 5% increase in month-over-month activity, while increasing annually by 2% from April of 2013. Statewide multi-family housing units increased by 58% since March 2014 and by 43% since last April.
April numbers have made up for the very slow first quarter we’ve experienced earlier this year, though totals for 2014 remain 3% behind those of 2013 during the first four months.
California building activity is currently on the rise. To see where we’ll be in the coming months, order the 2014 California Construction Review (CCR) subscription or request a CIRB Custom report. Give your organization “CIRB Appeal” by keeping up-to-date on California’s residential and commercial permit activity.
Data requests may be emailed to CHF-CIRB@mychf.org, where one of our research specialists will respond to you in a timely fashion.