Sioux Falls building permits drop year over year, but housing is up
Three-quarters of the way through the year, Sioux Falls building permit value is down nearly 12 percent.
Three-quarters of the way through the year, Sioux Falls building permit value is down nearly 12 percent.
An uptick in residential construction wasn’t enough to keep overall building activity in Sioux Falls from lagging behind last year.
Despite issuing a building permit for the biggest project so far this year in July, the city’s construction activity continues to lag behind last year.
Sioux Falls added almost $75 million in building permits in May, drawing a little closer to the past two years.
New commercial construction is about half of what it was a year ago, but residential is up a lot.
Sioux Falls added $50.4 million in new building activity in March despite the outbreak of COVID-19.
It was a rare month without any major building permits in Sioux Falls. No permits were issued for projects valued at more than $1 million.
We’ve compiled an interactive map of building permits for significant or noteworthy projects in Sioux Falls that we’ll update every month.
If the first month is any indication, development in Sioux Falls won’t slow down much in 2020.
The city of Sioux Falls came within less than 2 percent of a seventh consecutive building record in 2019.