San Diego Business Journal

San Diego County Construction Project Values Rise 42 Percent

By Lou Hirsh Wednesday, August 27, 2014

San Diego County’s contracts awarded for future construction rose 42 percent in value from a year ago in the first seven months of 2014, according to the latest data from McGraw Hill Construction.

The total value of nonresidential and residential projects topped $2.93 billion in the January-to-July period, up from $2.06 billion in the year-ago period. Nonresidential projects reached nearly $2.3 billion in value, more than doubling the year-ago figure, while residential projects were down 40 percent, at $640.1 million.

Nonresidential projects include government, education, office, retail, manufacturing and other commercial buildings. The residential category includes single- and multi-family housing.

The state of California saw essentially no change from a year ago in total contract values, at $29.45 billion for the first seven months of 2014. The state’s nonresidential contracts were up 30 percent and residential projects rose 7 percent, with non-building projects – such as roads and bridges – down 31 percent.