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From staff reports
Building permits for the first quarter of the year in Sioux Falls aren’t keeping up with last year’s record pace.
The city issued permits for $135.2 million worth of projects through March, according to statistics from the city’s building services division. That’s down 43 percent from the same period a year ago when the total valuation was $193.4 million.
The area with the biggest drop is new commercial projects. While the value of permits for manufacturing projects has increased, it’s down significantly for apartments compared to last year. The total valuation for new commercial projects is $65.2 million, down from $106.4 million in January through March of 2016.
For the first three months, the city has issued 460 permits for residential units, down from 801 permits last year. The biggest drop is in multifamily housing, while single-family units have increased by 20 houses to 162
In March, the city issued permits for six projects with a valuation of more than $1 million:
Building permits for the first quarter of the year in Sioux Falls aren’t keeping up with year’s record pace.