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New building permits drop by almost half as COVID-19 wallops the construction industry in Los Angeles

from The Architect's Newspaper

New building permits drop by almost half as COVID-19 wallops the construction industry in Los Angeles The Architect's Newspaper Construction rates in Los Angeles are reportedly taking a nosedive, with permit approvals for April, May, and June down 45 percent over last year’s figures. UrbanizeLA reported that the Los Angeles Department of Building and Safety documented a 15% decrease in inspections and a 31% decrease in plan checks. Overall, it’s not a pretty picture for the industry. L.A.’s construction sector is estimated to have lost 2,670 jobs (25 percent) since March 2020. READ MORE

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