Valley construction still on the rise

Source: The Business Journal

Central Valley construction continued to trump last year's progress during the first 11 months of the year. Throughout Fresno, Madera, Kings and Tulare counties, 7,801 construction permits were issued to builders by December, up 18 percent from 6,608 during the same period last year, according to a weekly report by Construction Monitor. Of the permits awarded so far this year, 6,399 were for residential construction compared to 5,196 during the first 11 months of 2011. Commercial permits dipped by nine to 1,403. Among those, retail, warehouses and dining permits jumped from 32 to 41, offices, banks and professional buildings fell from 45 to 40 and industrial and manufacturing buildings and warehouses went from 56 to 49. The value of all construction permits rose from $751.3 million by December of last year to $903.7 million so far this year. Residential construction values totaled $542.4 million so far this year over $432.7 million in 2011 while construction permits went from $318.5 million to $361.3 million. Lennar Fresno topped the list of home builders working in the San Joaquin Valley with 326 homes built so far this year followed by Wilson Homes with 170, Granville Homes with 126, Bonadelle Homes with 113 and Woodside Homes with 105. Quanta Power was the largest builder of commercial projects with eight permits valued at $24.8 million followed by Michael R. Tolladay with 21 permits totaling $23 million, Out to Bid with three permits totaling $17.5 million, The Ryan Company with one permit of $10 million and Bradford Steel with five permits totaling $9.9 million.

URL to original article: http://thebusinessjournal.com/news/construction/4152-valley-construction-still-on-the-rise

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