MULTIFAMILY HOUSING UNITS

In July the number of permits issued for multifamily housing units dropped to its lowest point since February. The 476 permits brought the seven-month total to 5,197, lowest of any of the last four years. That number is, for example, 34% below the comparable number for last year, 55% below 1987 and 46% below 1986.

By far the largest decrease this year has occurred in the uinincorporated areas, with the cities of Costa Mesa and Tustin also registering big drops. Among the cities with more permits this year, only Fullerton’s increase is notable.

Jan.-July Jan.-July City 1988 1989 Difference Unincorporated areas 3,285 2,195 -1,090 Costa Mesa 567 17 -550 Tustin 567 111 -456 Yorba Linda 296 0 -296 Anaheim 1,023 783 -240 San Clemente 379 151 -228 Brea 233 14 -219 Huntington Beach 328 248 -80 Fountain Valley 71 5 -66 Los Alamitos 66 5 -61 Westminster 75 14 -61 Santa Ana 209 155 -54 Cypress 42 12 -30 La Habra 41 20 -21 Laguna Beach 15 0 -15 Garden Grove 120 108 -12 Irvine 173 171 -2 La Palma 0 0 N/C Seal Beach 0 0 N/C Villa Park 0 0 N/C San Juan Capistrano 0 4 +4 Stanton 7 12 +5 Buena Park 112 128 +16 Placentia 6 35 +29 Orange 38 68 +30 Newport Beach 131 176 +45 Fullerton 108 404 +296 Dana Point N/A N/A -- Mission Viejo N/A 361 -- COUNTY TOTAL 7,892 5,197 -2,695

N/A Not available

N/C No change

FIVE-COUNTY COMPARISON

% of 1989 Jan.-July Jan.-July Percentage Five-County County 1988 1989 Difference Total Los Angeles 17,249 14,012 -19 48 Orange 7,892 5,197 -34 19 Riverside 2,960 1,988 -33 6 San Bernardino 2,718 3,485 +28 12 San Diego 6,185 4,383 -29 15 Five-County Total 37,004 29,065 -21 100 STATE TOTAL 51,477 44,266 -14 --

% of 1989 State County Total Los Angeles 32 Orange 12 Riverside 4 San Bernardino 8 San Diego 10 Five-County Total 66 STATE TOTAL 100

SEVEN-MONTH COMPARISON

1986: 9,594 1987: 11,477 1988: 7,892 1989: 5,197 Source: Construction Industry Research Board