RESIDENTIAL CONSTRUCTION VALUES

The value of permits issued for home construction dropped in November, the most recent month for which information is available. The total value of the permits issued, $119 million, was the lowest monthly total since January and a 27% decrease from the previous month.

The November figure was also 41% lower than November, 1988. All but seven cities listed smaller totals for this November as opposed to last, with the 125% drop in Placentia leading the list. Here’s a list of how November compared to 1988, with the cities in order of largest percentage decline to largest gain. The amounts are in thousands of dollars:

November November Dollar Percentage City 1988 1989 Change Change Placentia $85 $191 -$106 -125 Mission Viejo 11,096 253 -10,843 -98 Tustin 4,546 282 -4,264 -94 Orange 14,066 2,287 -11,779 -84 San Juan Capistrano 16,238 2,726 -13,512 -83 Anaheim 15,894 3,152 -12,742 -80 Fountain Valley 1,783 491 -1,292 -72 Huntington Beach 33,364 11,297 -22,067 -66 Yorba Linda 18,387 6,251 -12,136 -66 La Palma 138 49 -89 -64 Seal Beach 2,391 1,112 -1,279 -53 Santa Ana 3,396 1,741 -1,655 -49 Garden Grove 1,892 1,190 -702 -37 Brea 488 347 -141 -29 Stanton 155 112 -43 -28 San Clemente 2,935 2,177 -758 -26 Buena Park 1,012 759 -253 -25 Fullerton 662 536 -126 -19 Villa Park 681 573 -108 -16 Cypress 534 485 -49 -9 Unincorporated areas 56,162 53,133 -3,029 -5 Laguna Beach 1,434 1,479 +45 +3 Irvine 4,301 5,680 +1,379 +32 Westminster 511 742 +231 +45 Newport Beach 5,082 7,473 +2,391 +47 La Habra 116 252 +136 +117 Costa Mesa 4,893 10,771 +5,878 +120 Los Alamitos 109 293 +184 +169 Dana Point -- 3,557 -- -- COUNTY TOTAL $202,351 119,391 -$82,960 -41

11-MONTH COMPARISON

1986: $1,578,684 1987: $1,813,371 1988: $2,313,048 1989: $1,926,685 Source: Construction Industry Research Board