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Central Valley Construction Update 2017

SFH numbers drop but solar shines

December 28,2107-

Screen Shot 2017-12-28 at 12.49.21 PMHas the Central Valley economy been stronger in 2017 than in years past? It’s a mixed bag when you look at figures from Construction Monitor.

Based on the pace of construction of single-family homes , building activity has dropped from 2016. This year, the four county area, Tulare, Fresno, Kings and Madera permitted 3534 new single-family homes compared to 4262 units during the same period in 2016, about a 17 percent decline.

During the same 12 months in 2015 we built 3546 homes and in 2014 we constructed 2618 units.

How about apartments? In 2017 it was a banner year for construction with 1059 units built compared 583 in 2016.

How about the commercial side of the equation?

For all of 2017, commercial construction totaled $1.13 billion compared to $954.7 million in 2016, $712 million in 2015 and $588 million in 2014.

Included in the pace of commercial activity was the category of alternative commercial energy projects, ie solar.

Here again the pace as been up with solar installation figures as follows: 2014 valued at $145 million; 2015 at $220 million; 2016 valued at $287 million and 2017 valued at $367 million or about a third of the value of all commercial projects!

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