New home construction, commercial remodeling ahead of last year

From staff reports

New residential construction and commercial remodeling are outpacing last year in Sioux Falls.

Through September, the total construction valuation of $553 million is $20 million shy of last year at the same time, according to building permit statistics.

New residential at $185.1 million is ahead of last year’s $164 million. That represents 624 new single-family homes, which is 47 more than the same time a year ago.

Apartments are lagging behind last year. So far, permits have been issued for 878 units, compared with 1,367 units through September 2016.

New commercial construction at $33.5 million is a little behind last year’s $37.5 million. Additions and remodeling for commercial buildings are at $128.7 million, ahead of last year’s $122.6 million.

Building permits issued in September for major projects include $22.2 million for the Huntington Village apartments at 3501 S. Linedrive Ave. and $18.8 million for Washington Square in downtown Sioux Falls.

New home construction, commercial remodeling ahead of last year

New residential construction and commercial remodeling are outpacing last year in Sioux Falls.

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