Swinerton In the News

Swinerton Builders: January 02, 2014

Valley Construction Soars in 2013

The Central Valley's construction industry had reason to cheer in 2013 with permits up and building permit values surpassing a billion dollars for the first time in years.

The Central Valley's construction industry had reason to cheer in 2013 with permits up and building permit values surpassing a billion dollars for the first time in years.

Throughout Fresno, Madera, Kings and Tulare counties, 11,528 construction permits were issued to builders in the year, according to a weekly report by Construction Monitor. That's up 37 percent from 2012 when 8,407 permits were issued.

Of the permits awarded in the year, 9,924 were for residential construction compared to 6,880 the year before. Commercial permits rose from 1,527 in 2012 to 1,604 in 2013.

Among those, offices, banks and professional buildings went from 43 to 72 permits with total value going from $30.37 million to $58.12 million

Permits for industrial, manufacturing buildings and warehouses went from 56 to 61 with construction values going from $44.41 million to $66.1 million, while alternative commercial energy projects went from 62 permits to 78 matched by construction values soaring from $35.99 million to $110.92 million.

Retail, warehouses and dining projects landed a few more permits at 52 in the year, although construction values dropped from $70.16 million in 2012 to $60.34 million last year.

The value of all construction permits rose from $975.62 million in 2012 to $1.46 billion in 2013 for a nearly 50-percent increase.

Residential construction values alone totaled $960.54 million last year, 65 percent over $583.22 million the year before, while commercial construction permits went from $392.4 million to $502.8 million for a 28-percent jump.

Lennar Fresno topped the list of home builders working in the Central Valley in 2013 with 537 permits awarded in the year year at a total value of $132.09 million. The company was followed by Granville Homes with 313 permits totaling $77.59 million, Benchmark with 250 permits of $72.8 million, Woodside Homes with 189 permits of $47.17 million and Wilson Homes with 230 permits of $46.99 million.

Solar installer Immodo Energy was the largest builder of commercial projects in the Valley with 11 permits valued at $43.48 million followed by Swinerton Builders with one permit of $38 million, WL Butler with two permits of $16.87 million, Target Constructors with 20 permits of $13.79 million and Jo's Handyman and Remodeling with two permits of $13.27 million.