Building permits spike in Solano County, fueling housing boom

in Real Estate 37 views

New residential building permits in Solano County rose sharply to 1,697 in 2020, a level of housing permit activity in the county has not been seen since the 2007 Great Recession, according to Jordan Levine, vice president and chief economist with the California Association of Realtors.

At 716 permits, the number of multifamily housing permits issued last year was the highest since 2001. Higher costs for building supplies, especially lumber, is a factor driving multi-family dwelling growth, since the cost per square foot is considerably less, however, existing and new single-family units still dominate the market during the current real estate boom.

Continue Reading on The North Bay Business Journal

Go to Top