MULTIPLE-FAMILY HOUSING IN DECLINE
The number of permits for new multifamily housing units in Orange County issued during January, 356, was the lowest monthly total in more than 3 years. That number is also a 7% drop from the previous January. The most significant declines took place in the cities of Anaheim and Irvine. On the other hand, there was a large increase compared to January, 1988 in the number of such permits issued for projects in the county’s unincorporated areas. Here is the city-by-city look from January, 1989, compared to January, 1988:
City January 1988 *January 1989 Difference Anaheim 237 11 -226 Irvine 70 0 -70 Costa Mesa 16 0 -16 Huntington Beach 12 0 -12 Santa Ana 7 0 -7 Westminster 7 0 -7 La Habra 2 0 -2 Brea 0 0 N/C Buena Park 0 0 N/C Cypress 0 0 N/C Fountain Valley 0 0 N/C Laguna Beach 0 0 N/C La Palma 0 0 N/C Los Alamitos 0 0 N/C Placentia 0 0 N/C Seal Beach 0 0 N/C Stanton 0 0 N/C Villa Park 0 0 N/C Yorba Linda 0 0 N/C Newport Beach 6 8 +2 Orange 0 2 +2 San Juan Capistrano 0 4 +4 Tustin 0 9 +9 San Clemente 0 11 +11 Garden Grove 0 30 +30 Fullerton 0 31 +31 Unincorporated areas 26 250 +224 COUNTY TOTAL 383 356 -27
* Most recent information available.
N/C No change
Source: Construction Industry Research Board
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