Kern County

2014 Housing Summary

P.O. Box 21118

Bakersfield, CA 93390-1118
info@kernhba.com

Kern County Top 15

Company

Permits

Valuation

Lennar

157

$37,839,939

DR Horton Homes *

151

$39,195,954

Castle & Cooke

123

$27,668,137

John Balfanz *

107

$25,975,898

Beazer*

80

$17,611,759

DR Horton Inc *

62

$11,162,983

MHP *

62

$9,862,297

Meritage *

55

$11,853,110

Benchmark *

47

$12,539,548

DR Horton Inc *

59

$10,673,297

Meritage *

49

$10,208,630

Froehlich *

43

$10,279,749

Cornerstone *

38

$9,260,640

Towery Homes

34

$6,631,279

Standard Pacific *

31

$7,370,362

Lenox Homes

29

$5,701,031

K Hovnanian *

23

$5,800,828

* Indicates non-member

Building Permit Summary

Residential
S.F. Homes

Permits
1474

Value
$315,859,960

Units
1474

Duplexes & Twin Homes

45

$7,625,483

90

Apartments & Condos

13

$22,258,442

197

Other Structures

94

$3,627,376

Pools & Spas

433

$7,951,375

$93,828,463

$2,512,092

1050

$29,512,089

35

$1,088,618

Alternative Energy

4780

Garages & Carports

125

Remodel & Additions

Reroof
Residential Totals

8049

$484,263,904

1761

Kern County
Residential Building Permit Information
2010
Residential

Permits

Value

Units

Single Family

764

$ 137,043,485

776

Other *

1921

$ 74,546,252

202**

Total

2685

$ 211, 589,737

978

2011
Residential

Permits

Value

Units

Single Family

818

$ 153,746,398

818

Other

2482*

$ 70,495,365

195**

Total

2685

$ 211, 589,737

1013

* The additional residential permits were for alternative residential energy, additions and remodels
** Additional residential building permits were for duplexes, apartments & condos

Kern County
Residential Building Permit Information
2012
Residential

Permits

Value

Units

Single Family

1362

$ 265,747,787

1362

Other *

3262

$ 337,480,456

Total

2685

$ 211, 589,737

68**
1430

2013
Residential

Permits

Value

Units

Single Family

1640

$ 323,920,269

1640

Other*

4512

$ 106,355,654

Total

6152

$ 430,275,923

* The majority of additional residential permits were for alternative residential energy
** Additional residential building permits were for duplexes, apartments & condos

241**
1881

Kern County
Residential Building Permit Information
2014
Residential

Permits

Value

Units

Single Family

1474

$ 315,859,960

1474

Other *

6575

$ 168,403,944

287**

Total

6597

$ 484,263,904

1761

* The majority of additional residential permits were for alternative residential energy
** Additional residential building permits were for duplexes, apartments & condos

Housing Economics

Residential Construction including the building of new structures as well as

remodeling of existing ones- has direct, positive impacts on the local
economy.

The most obvious impacts are the work opportunities created in the housing
industry, as well as in other industries that provide products or services to home
builders and buyers.

Workers are employed to directly engage in the construction activity.

Jobs are generated in the industries where lumber, concrete, lighting fixtures,
heating equipment, and other products that go into a home are provided.

More jobs are created when real estate agents, lawyers, and brokers provide
services to home builders and home buyers.

Other economic impacts include the revenues generated for federal and
local governments.

Single Family Permits 2007 - 2014

Historic Permit Average

Year
Permits

2007
3318

2008
1610

2009
1585

2010
764

2011
818

2012
1362

2013
1640

2014
1474

Single Family Permits

Per Week

Average is 28 permits/week

Single Family Permits

Year-To-Date Totals
By Week

1474 Total Permits

NAHB Estimates
3.05 jobs and $89,216 in taxes
(from building an average new single family home)

1.16 jobs an $33,494 in taxes

(from building an average new multifamily rental unit)

1.11 jobs and $30,217 in taxes

(from $100,000 spent on residential remodeling)

County of Kern

Job and Tax Estimates due to residential construction in 2014

Type

Jobs

Taxes

single family home

4,496

$ 131,504,384

multifamily
residential remodeling
Totals

90

3,014,460

317

$ 31,727,850

4,903

$ 166,246,694

Challenges
Lack of Water/Drought
School Fees
Regulatory Challenges (RWQCB, SJVAPCD,
CEQA, SCS etc.)
Increased Fees
Pending legislation (State and Federal)
Rising cost of construction materials
Lack of skilled labor
Ever changing lending regulations

Bakersfield Priced Out Effect

The table below displays median new home prices, income needed to qualify for
mortgage by buy a median price new home and a share of households who can
qualify for such mortgage.
The last column displays the number of households that will be priced out of
the market for a new home if its price increases by $1,000.

Median
New Home
Price

Income
Needed to
Qualify

All
Households

Priced Out

$241,976

$ 62,459

258,396

479