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8.B. - Page 71
<br /> Construction Activity
<br /> Provided below are the building permits and valuations for the City and the County for
<br /> calendar years 2007 through 2011.
<br /> CITY OF REDWOOD CITY
<br /> Total Building Permit Valuations
<br /> (Valuations in Thousands)
<br /> 2007 2008 2009 2010 2011
<br /> Permit Valuation
<br /> New Single-family $ 9,615.3 $ 6,051.1 $ 9,249.1 $10,002.2 $ 9,184.5
<br /> New Multi-family 0.0 0.0 14,135.0 3,359.4 13,094.9
<br /> Res.Alterations/Additions 26,033.9 21,986.0 17,739.0 19,047.3 21,794.1
<br /> Total Residential 35,649.1 28,037.1 41,123.2 32,408.9 44,073.5
<br /> New Commercial 980.0 32,468.0 0.0 0.0 0.0
<br /> New Industrial 3,600.0 2,200.0 5,000.0 0.0 0.0
<br /> New Other 1,416.9 1,318.2 2,081.0 1,015.1 135.0
<br /> Com.Alterations/Additions 118,838.6 82,204.4 26,760.1 30,631.3 49,043.6
<br /> Total Nonresidential $124,835.5 $118,190.7 $33,841.1 $31,646.3 $49,178.6
<br /> New Dwelling Units
<br /> Single Family 29 18 40 46 41
<br /> Multiple Family 0 0 105 16 70
<br /> TOTAL 29 18 145 62 111
<br /> Source:Construction Industry Research Board,Building Permit Summary.
<br /> SAN MATEO COUNTY
<br /> Total Building Permit Valuations
<br /> (Valuations in Thousands)
<br /> 2007 2008 2009 2010 2011
<br /> Permit Valuation
<br /> New Single-family $316,491.4 $245,433.9 $147,515.5 $189,296.6 $194,950.0
<br /> New Multi-family 67,181.1 122,424.2 74,329.6 21,309.0 107,039.8
<br /> Res.Alterations/Additions 274,263.6 272,177.0 204,482.0 262,592.1 250,364.0
<br /> Total Residential 657,936.0 640,035.2 426,327.0 473,197.6 552,353.8
<br /> New Commercial 366,581.6 114,968.0 17,942.0 62,510.5 25,130.9
<br /> New Industrial 29,263.8 2,200.0 5,000.0 0.0 3,359.4
<br /> New Other 74,829.0 85,470.2 70,410.1 66,274.8 5,513.6
<br /> Com.Alterations/Additions 336,069.0 315,260.4 235,373.3 283,752.5 244,088.9
<br /> Total Nonresidential $806,743.4 $517,898.6 $328,725.5 $412,537.8 $278,092.8
<br /> New Dwelling Units
<br /> Single Family 658 312 236 216 213
<br /> Multiple Family 367 630 393 111 545
<br /> TOTAL 1,025 942 629 327 758
<br /> Source:Construction Industry Research Board,Building 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 income, rental income (which includes
<br /> imputed rental income of owner-occupants of non-farm dwellings), dividends paid by
<br /> corporations, interest income from all sources, and transfer payments (such as pensions and
<br /> A-4
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