CLIPBOARD : Non-Residential Building Valuations
Non-residential construction in Orange County remains in a slump compared to last year, at least in terms of the value of permits issued. In January, permit values were 60% ahead of 1989. But after seven months, they were running 17% behind last year. Most noticeably, permit values for hotels/motels and office buildings were much lower. Here’s how the various categories changed during the first seven months of the year, the most recent period for which information is available:
Construction Jan.-July* Jan.-July* 1989-’90 Type 1989 1990 % Change Industrial Buildings $69,758 $54,212 -22 Office Buildings 209,684 140,442 -33 Stores/Mercantile Buildings 110,517 124,844 +13 Hotels/Motels 62,557 21,890 -65 Alterations/Additions 280,804 233,275 -17 TOTAL NON-RESIDENTIAL BUILDINGS** $877,989 $728,124 -17
* Amounts listed in thousands of dollars. **Includes categories not shown above. 1990 PERMIT VALUE TREND June 1990: $149,972 July 1990: $68,018 Source: Construction Industry Research Board
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