Single family new construction up 118% past year

www.ScottSorensonRealEstate.com

Below is data recently complied by Susan Monroe of the city's building department. It confirms what many already knew, that construction activity is on the upswing, especially with regards to the number of permits being issued for single family homes. Although multi-family unit permits remain very soft, they are up from the bottom as well.

Period           Single Family    Multi Family     Total     Demolition    Net Gain (units)

4/07-3/08             97                    68              165        -150             15

4/08-3/09             97                    55              152         -94              58            

4/09-3/10             61                    16                77         -54              23

4/10-3/11             38                     5                 43         -65             -22

4/11-3/12             83*                    8                 91         -66              25

* Up %118 from the low.

Doug Finlay