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8.A. - Page 71
<br /> Construction Activity
<br /> Provided below are the building permits and valuations for the City and the County for
<br /> calendar years 2006 through 2010. Figures for 2011 are not yet available.
<br /> CITY OF REDWOOD CITY
<br /> Tot11 Building Permit Valuations
<br /> (Valuations in Thousands)
<br /> 2006 2007 2008 2009 2010
<br /> Perinit Valuation
<br /> New Single-family $ 1,509.6 $ 9,615.3 $ 6,051.1 $ 9,249.1 $ 10,0022
<br /> New Multi-family 0.0 0.0 0.0 14,135.0 3,359.4
<br /> Res. Alterations/Additions 31,707.9 26,033.9 21,986.0 17,739.0 19,047.3
<br /> Total Residential 33,217.5 35,649.1 28,037.1 41,123.2 32,408.9
<br /> New Commercial 400.0 980.0 32,468.0 0.0 0.0
<br /> New Industrial 2,500.0 3,600.0 2,200.0 5,000.0 0.0
<br /> New Other 2,590.6 1,416.9 1,318.2 2,081.0 1,015.1
<br /> Coin. Alterations/Additions 37,794.5 118,838.6 82,204.4 26,760.1 30,631.3
<br /> Total Nonresidential $43,285.0 $124,835.5 $118,190.7 $33,841.1 $31,646.3
<br /> New Dwelling Units
<br /> Single Family 7 29 18 40 46
<br /> Multiple Pamily 0 0 0 105 16
<br /> TOTAL 7 29 18 14:i 62
<br /> Source: Construction Industry Research Board, Building Permit Suminary.
<br /> SAN MATEO COUNTY
<br /> Total Building Permit Valuations
<br /> (Valuations in Thousands)
<br /> 2006 2007 2008 2009 2010
<br /> Permit Valuation
<br /> New Single-family $227,781.1 $316,491.4 $245,4339 $147,�15.5 $189,296.6
<br /> New Multi-family 101,114.4 67,181.1 122,424.2 74,329.6 21,309.0
<br /> Res. Alterations/Additions 305,663.4 274,263.6 272,177.0 204,482.0 262,592.1
<br /> Total Residential 634,558.9 657,936.0 640,035.2 426,327.0 473,197.6
<br /> New Commercial 218,650.9 366,581.6 114,968.0 17,942.0 62,510.5
<br /> New Industrial 127,900.5 29,263.8 2,200.0 5,000.0 0.0
<br /> New Other 50,057.9 74,829.0 85,470.2 70,4101 66,274.8
<br /> Com. Alterations/Additions 329,062.3 336,069.0 315,260.4 235,373.3 283,752.5
<br /> Total Nonresidential $725,671.6 $806,743.4 $517,898.6 $328,725.5 $412,537.8
<br /> New Dwelling Units
<br /> Single Family 445 658 312 236 216
<br /> Multiple Family 492 367 630 393 111
<br /> TOTAL 937 1,02� 942 629 327
<br /> Source: Construction Industry Research Board, P�uilding Permit Summary.
<br /> Effective Buying Income
<br /> "Effective Buying Income" is defined as personal income less personal tax and nontax
<br /> payments, a number often referred to as "disposable" or "after-tax" income. Personal income
<br /> is the aggregate of wages and salaries, other labor-related income (such as employer
<br /> contributions to private pension funds), proprietor's uzcome, rental income (which includes
<br /> imputed rental income of owner-occupants of non-farm dwellings), dividends paid by
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