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According to analysis from BuildZoom, the total number of building permits increased by 1.2% in 2013 while aggregate expenditures dropped by over 30%.
San Francisco, CA (PRWEB) February 13, 2014
Today, BuildZoom released a report analyzing the performance of the San Francisco construction and remodeling sector in 2013. While the national as a whole grew at an annual rate of 9.3%, the City and County of San Francisco grew at an annual rate of 1.2% based on the total number of building permits issued in the year.
Although the industry experienced a slight increase in activity based on number of projects approved through the year, the cumulative value of these projects represented a 34% decline over the previous year. This trend was heavily influenced by a drop in the number of approved commercial projects with a valuation greater than $10 million.
The report also details the most active and highest grossing San Francisco contractors in 2013.
The full report is freely available to the general public on the BuildZoom Website.
BuildZoom is a marketplace for remodeling and construction services. By analyzing millions of records from over 300 regulatory organizations and 80k users, BuildZoom is able to provide consumers with reliable hiring recommendations.
For the original version on PRWeb visit: http://www.prweb.com/releases/san-francisco/construction-industry/prweb11580078.htm
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