CONSTRUCTION VALUATIONS

The value of non-residential building permits continues to lag behind last year’s pace. During the first two months of the year, the most recent period for which information is available, the value of all permits issued was $181,452,000, 15% below the comparable period of last year. This follows a January comparison that saw the value of county permits down just 3% from ’88. Permit valuations for hotels/motels, stores/mercantile buildings and office buildings all declined while industrial buildings and alterations/additions registered gains, following the trend seen in January. Here’s a comparison of Orange to the contiguous four counties in the value of total non-residential building as well as the five major subcategories:

TOTAL NON-RESIDENTIAL BUILDING

% of 1989 % of 1989 Jan.-Feb. Jan.-Feb. 1988-’89 Five-county State County 1988 1989 % Change Total Total Los Angeles 734,856 558,608 -24 52 31 Orange 212,870 181,452 -15 17 10 Riverside 65,742 104,526 +59 10 6 San Bernardino 136,218 90,252 -34 8 5 San Diego 124,971 144,059 +15 13 8 5-County Total 1,274,657 1,078,897 -15 100 60 STATE TOTAL 1,924,941 1,783,775 -7 -- 100

INDUSTRIAL BUILDINGS

% of 1989 % of 1989 Jan.-Feb. Jan.-Feb. 1988-’89 Five-county State County 1988 1989 % Change Total Total Los Angeles 49,590 51,787 +4 41 26 Orange 5,674 9,759 +72 8 5 Riverside 13,869 23,775 +71 19 12 San Bernardino 43,572 35,048 -20 27 18 San Diego 7,307 7,171 -2 5 4 5-County Total 120,012 127,540 +6 100 65 STATE TOTAL 244,673 195,596 -20 -- 100

OFFICE BUILDINGS

% of 1989 % of 1989 Jan.-Feb. Jan.-Feb. 1988-’89 Five-county State County 1988 1989 % Change Total Total Los Angeles 173,829 99,680 -43 48 32 Orange 58,823 49,377 -16 24 16 Riverside 4,659 21,892 +370 11 7 San Bernardino 19,022 7,721 -59 4 2 San Diego 26,363 26,832 +2 13 8 5-County Total 282,696 205,502 -27 100 65 STATE TOTAL 349,042 314,490 -10 -- 100

STORES/MERCANTILE BUILDINGS

% of 1989 % of 1989 Jan.-Feb. Jan.-Feb. 1988-’89 Five-county State County 1988 1989 % Change Total Total Los Angeles 90,172 67,576 -25 42 25 Orange 41,312 22,658 -45 14 8 Riverside 18,824 24,405 +30 15 9 San Bernardino 42,839 19,974 -53 12 7 San Diego 20,663 28,313 +37 17 11 5-County Total 213,810 162,926 -24 100 60 STATE TOTAL 348,043 271,176 -22 -- 100

HOTELS/MOTELS

% of 1989 % of 1989 Jan.-Feb. Jan.-Feb. 1988-’89 Five-county State County 1988 1989 % Change Total Total Los Angeles 19,809 64,067 +223 73 51 Orange 32,328 7,184 -78 8 6 Riverside 686 2,182 +218 3 2 San Bernardino 963 964 * 1 1 San Diego 5,647 12,849 +128 15 10 5-County Total 59,433 87,246 +47 100 70 STATE TOTAL 68,633 125,249 +83 -- 100

* Less than 1%

NON-RESIDENTIAL ALTERATIONS/ADDITIONS

% of 1989 % of 1989 Jan.-Feb. Jan.-Feb. 1988-’89 Five-county State County 1988 1989 % Change Total Total Los Angeles 194,638 210,915 +8 62 35 Orange 49,222 64,147 +30 19 10 Riverside 7,101 11,435 +61 3 2 San Bernardino 15,013 12,906 -14 4 2 San Diego 45,269 41,030 -9 12 7 5-County Total 311,243 340,433 +9 100 56 STATE TOTAL 519,014 605,552 +17 -- 100

Note: Amounts stated in thousands of dollars, adjusted for inflation.

Source: Construction Industry Research Board