County Building Comes on Strong in 1st Quarter
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Continuing the recent comeback in real estate and construction, building projects in Ventura County totaled $123.5 million in the first quarter, up 41% from the first three months of 1993. It’s the strongest first-quarter performance since 1990, according to the Construction Industry Research Board.
Residential projects in the first quarter amounted to $74.1 million, up 54% from a year earlier, while commercial and industrial construction totaled $49.3 million, up 26%.
And the California Assn. of Realtors says sales of existing single-family houses in the county during March more than doubled the year-earlier level, rising 110%.
As previously reported, March sales of all Ventura County homes, including condominiums and new dwellings, were up 60% from March, 1993.
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