News & Media
  • Thursday, September 25, 2014
    California Residential Building Permits
    Gonzales, CA - After two years of double-digit growth in residential permitting, California is off to a slow start through May of 2014. So far, there has been roughly 2.5% more residential permits issued this year versus the same period in 2013. However, given the supply issues noted here as well as the steady increases in home prices, builders should continue to expand the stock of residential properties in the state. The current forecast calls for roughly 109,000 new permits this fiscal year followed by nearly 140,000 in 2015-16. Multi-family properties are expected to remain a relatively large share of the residential mix in coming years.