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Lathrop housing pace slows down to 457 first 9 months of ‘23
RIVER ISLAND
Crews build a new home at River Islands at Lathrop.

While home construction has been booming in Lathrop in recent years, according to numbers released by the city last month, it appears that there will be less new home permits allocated this year compared to last.

As part of an economic development update that was delivered to the Lathrop City Council last month, the city noted that through the end of September, Lathrop had issued 457 permits for new home construction compared to 972 the pervious year. In order to keep pace with last year, Lathrop would have had to have issued 729 housing permits by the end of September.

And the number of permits allocated in 2022 had already declined from the 2021 totals – where Lathrop set at least a 10-year high in housing permit allocations with 1,022. In order to keep pace with that year, Lathrop would have had to have issued nearly 824 permits through the first three quarters – falling more than 40 percent below that number.

Because of a booming housing market anchored by the development at River Islands and other large developments like Saybrook’s Stanford Crossing, residential development in Lathrop has been booming in recent years – helping make the city one of the fastest growing in California. The city’s location along I-5 and near the connectors to both Highway 99 and I-205 which provides access to the San Francisco Bay Area has made it an attractive destination for companies looking to warehouse their products in a central location, and that industrial growth has brought even more residents to the community.

As part of the economic development presentation that was made to the council, the city also announced that more than two dozen businesses in the community are currently hiring – looking for workers in a range of different occupations from retail and food service to manufacturing and logistics.

For additional information about the economic development occurring in Lathrop, or to view a copy of the presentation that was made for the council, visit the City of Lathrop’s website at www.ci.lathrop.ca.us.

To contact Bulletin reporter Jason Campbell email jcampbell@mantecabulletin.com or call 209.249.3544.