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Construction activity in Sioux Falls totaled almost three-quarters of a billion dollars in 2017, resulting in the fifth consecutive record year.
At $739.3 million, that’s a 5 percent increase from 2016, when the total was almost $702 million.
To put the number in context, Omaha issued permits for just over $1 billion last year, and Rochester, Minn., saw about $525 million, said Mike Cooper, the director of planning and building services in Sioux Falls.
“Five consecutive years of record-breaking construction valuations is remarkable and a testament to the continued optimism people in our community have,” he said.
In 2017, the record also was driven in part by the continued strong demand for housing. Permits for 750 new single-family homes were issued in Sioux Falls in 2017, as well as 1,215 multifamily units and 441 town house units.
The city estimates several large projects will go on the books in 2018, including $55 million in finishes for Avera on Louise, $21 million for the Silverthorne Apartments near 26th Street and Veterans Parkway, and The Cascade at Falls Park mixed-use project at $20 million.
Construction activity in Sioux Falls totaled nearly three-quarters of a billion dollars in 2017, resulting in the fifth consecutive record year.