Comparison of Housing Units Issued and Built
This chart represents both housing permits issued and housing units built. While not all permits that are issued will result in built homes, these metrics act as indicators for the overall state of growth and economic vitality in our communities.
How are we doing?
Between 7/1/17 and 9/30/17, we have issued 221 building permits. This represents 37% of our goal of issuing 600 housing permits per fiscal year.
Why is this important?
The County is committed to assisting in the development of housing for the County's current and future residents. An economically viable community must also provide housing for all income levels.Housing is a key economic indicator in our region and has an effect on related industries, such as banking, the mortgage sector, raw materials, employment, construction, manufacturing and real estate. Typically, in a strong economy, demand for new homes is higher; conversely, in a weak economy, demand for new homes is lower. In San Diego, our current supply continues to fall short of demand.
By tracking the number of building permits issued we provide data regarding the intent to build and increase housing supply. While not all permits will result in built homes, this metric acts as a leading indicator for estimating housing that may be built in the future and the overall state of growth and economic vitality in our communities.
Where are we going?
As we anticipate an increasing need for housing, we are monitoring both housing permits issued as well as housing units built. This data provides us with the ability to determine whether this increasing need will be adequately met and how resources can be directed to best serve customers.
How is this measured?
This metric is measured by tracking the number of building permits issued within each fiscal year.