San Diego County’s strong economy and low vacancy rates sent permits for new construction projects soaring in the first half of the year, a research group says.
The Burbank-based Construction Industry Research Board reports that builders pulled permits for 4,049 apartment and condominium units across the county in the first half, up more than 15% from a year earlier. Permits valuations were also up sharply—to $41.7 million from $27 million in the first half of ’99—in a sign that builders are opting for more upscale condos and apartment projects.