CLIPBOARD : Home-Building Permit Values
As the number of home-building permits has dropped in Orange County, so has the value of those permits. In December, the most recent month for which information is available, the $50- million total was 29% below the previous month and easily the lowest total for any single month during the last five years.
Similarly, the 1990 annual total for these permits (which includes the value of those issued for residential alterations and/or additions) dropped to a five-year low. It was 36% less than the 1989 total and 45% below the 1988 mark.
There were pockets of opportunity, though, around the county. Los Alamitos, La Palma, Brea, Cypress and Tustin all had increases of more than 100% above 1989, led by the 528% leap in Tustin.
Here’s how the cities stack up, listed from the largest decrease to the largest increase in permit values:
1989-’90 % City 1989 * 1990 * Difference Mission Viejo 211,822 10,726 -95 Buena Park 38,800 10,428 -73 Fullerton 69,865 20,949 -70 Anaheim 239,478 73,406 -69 La Habra 20,296 6,776 -67 Yorba Linda 174,966 64,032 -63 San Clemente 97,158 36,896 -62 Huntington Beach 73,710 38,763 -47 Unincorporated areas 772,663 485,246 -37 Fountain Valley 12,873 8,180 -36 Orange 71,776 46,679 -35 Santa Ana 40,441 26,109 -35 Villa Park 9,826 7,638 -22 San Juan Capistrano 38,812 32,271 -17 Stanton 2,684 2,313 -14 Costa Mesa 33,004 28,823 -13 Newport Beach 69,349 66,421 -4 Seal Beach 12,275 11,948 -3 Garden Grove 23,318 24,817 +6 Laguna Beach 26,746 32,402 +21 Placentia 5,377 6,508 +21 Westminster 10,232 13,477 +32 Dana Point ** 28,504 38,320 +34 Irvine 57,587 95,224 +65 Los Alamitos 2,510 5,841 +133 La Palma 1,859 5,110 +175 Brea 2,797 10,533 +277 Cypress 7,407 42,293 +471 Tustin 19,317 121,229 +528 Laguna Niguel *** N/A 20,086 -- COUNTY TOTAL $2,175,452 $1,393,444 -36
* Amounts stated in thousands of dollars and include alterations and additions.
**New city for 1989 tabulations; 1989 data before June is included in “unincorporated areas” total.
***New city for 1990 tabulations; 1990 data before July is included in “unincorporated areas” total.
Source: Construction Industry Research Board