Bay Area Permit Rate Drops 46 Percent
Residential housing permit rates dropped 46 percent in the San Francisco Bay Area in August 2020 when compared with the same month last year. The region experienced a significantly larger decline than the state as a whole, which saw a 16 percent drop during the same period. Of the homes that were built in the Bay Area, the majority were multi-family units. Click HERE for a full infographic compiled using monthly data provided by the California Construction Industry Research Board at www.cirbreport.org.