ACP Pubs

Loren Faulkner

Construction Statistics Still Down
September 3, 2008

No surprises here, as Construction Industry Research Board’s (CIRB) latest California construction data was released. New housing development  remains stalled. But other sectors were off, too:

--Public works construction in July 2008 totaled $1.9 billion, down 10.4% from June, and 16.3% from June 2007.  Public building in July fell 30% below June numbers and was 32% lower than July 2007.  Heavy construction was 9.6% higher than the previous month, but nearly identical to volume in June 2007.    

--California construction employment averaged 813,300 in July 2008, down 2,000 (0.2%) from June, and down 83,000 (9.3%) from July 2007.  

--Private, nonresidential building permits totaled $1.75 billion in July, 8.5% lower than June 2008, yet 4.2% higher lower than July 2007. Year-to-date volume is 2.3% lower than the first seven months of 2007. 

Posted by Loren Faulkner on September 3, 2008 | Comments (0)