How is New Construction Doing in College Station?
September 21st, 2008 categories: Market Trends
January – August 2008
|
Type of Permit
|
Permit
|
Unit
|
Amount
|
|
Single-Family- Home
|
405
|
405
|
$61,361,539
|
|
Duplex
|
34
|
68
|
$5,387,633
|
|
Tri-Plex/Four-Plex
|
2
|
6
|
$515,350
|
|
Apartment
|
28
|
405
|
$4,553,525
|
|
New Commercial
|
61
|
n/a
|
$124,515,739
|
|
Commercial Remodel
|
79
|
n/a
|
$6,255,518
|
So what does it all mean?
Single-Family Homes (not including slab onlys)
January – August (YTD – 1yr)
Down 14%
January- August (YTD – 2yr)
Down 19%
Year-to-date, single family home permits decreased in quantity when compared to last year this time, August 2007, and decreased when compared with two years ago, August 2006.
Commercial (Does not include slab onlys)
January - August (YTD – 1yr)
Up 3%
January – August (YTD – 2yr)
Up 10%
Year-to-date, commercial permits experienced an increase in quantity when compared to last year at this time, August 2007, and an increase compared with two years ago, August 2006.
Total Permits
January – August (YTD – 1yr)
Up 1%
January – August (YTD – 2 yr)
No change
Year-to-date, total permits experienced an increase in quantity when compared to last year at this time, August 2007, and experienced no change when compared with two years ago, August 2006.
