December 1, 2015
The San Diego County construction industry has taken quite a dip in the first 10 months of the year.
Construction starts have declined by 30 percent year over year so far in 2015, bringing it to $2.5 billion, according to Dodge Data & Analytics, a leading provider of news and information on the U.S. construction industry.
Non-residential construction reportedly took the majority of the hit, falling by 69 percent. That drop was partially offset by residential construction, which saw an 81-percent uptick. Non-residential construction is defined by Dodge Data as retail, office, industrial and other developments without housing components, while residential is considered single and multifamily assets.