CLIPBOARD : Non-Residential Building Valuations

Through the first 11 months of 1990, non-residential building permit values continued to reflect the subdued state of commercial building in Orange County’s immediate future. The value of all non-residential building permits issued was 21% below the January-November period of a year before. Three of the four surrounding counties also suffered comparative declines, but none as large as the Orange County dip. The only exception to the trend was in Riverside County, where there was a 3% increase.

In only one of the five major categories of building has permit activity in the county increased from the comparable period of a year ago--stores and mercantile buildings. Industrial buildings and hotel/motel construction took the biggest hits--both down more than 50%.

Here is how things stood after 11 months:

11 Months 11 Months 1989-’90 Building Type 1989 1990 % Change Industrial $130,619 $58,608 -55 Office 315,956 194,778 -38 Stores/Mercantile 165,724 189,365 +14 Hotels/Motels 73,891 30,808 -58 Alterations/Additions 449,327 373,671 -17 TOTAL NON-RESIDENTIAL BUILDING $1,355,214 $1,066,431 -21

% of 1990 Building Type State Total Industrial 4 Office 11 Stores/Mercantile 10 Hotels/Motels 7 Alterations/Additions 9 TOTAL NON-RESIDENTIAL BUILDING 9

Note: Amounts listed in thousands of dollars, not adjusted for inflation; “total” category includes permit activity not shown above. Source: Construction Industry Research Board