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Building construction permits lose late-year momentum in November

The value of new building permits took an overall dip in November in San Diego County, leaving the area 3 percent off from a year ago.

A monthly report released Monday from McGraw Hill Construction and Dodge Research and Analytics showed that November produced about $41.7 million in new nonresidential building permits, 77 percent less than the more than $180 million in permits issued in November 2012.

Residential building permits issued in the month exceeded November 2012 in value – about $78.8 million compared to about $64.1 in November 2012. But the nonresidential lag increased the overall gap between the two years' figures that the area has struggled to close throughout the year.

Through November, the area has underperformed 2012 by about $85.6 million in combined permits, or roughly 3 percent. The downward jump comes after the area was able to pull within 1 percent after big October gains in both nonresidential and residential building.

In November alone, combined permit values were down 51 percent in the 2012 to 2013 comparison.

San Diego lags California's performance; the value of nonresidential building permits issued through November around the state is up 16 percent for the year, residential building permits are up 22 percent.

Non-building construction — roadways, dams and reservoirs, river and harbor developments, sewage and water supply systems, missile and space facilities, power utilities and communication systems — is down 12 percent for the year in California.

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