The latest available information show that the value of Leon county single-family new construction permits issued in August and September reversed a downward trend that began in May and continued through July.
Information from Leon County government and the City of Tallahassee show that there were a total of 115 single-family construction permits issued in August and September for a total estimated value of $21.5 million.
Last year, during the same two months, 92 permits were issued with an estimated value of $18.2 million.
The chart below shows the estimated value of single-family construction permits issued for the previous 12-months.
As of September 2016, the estimated value of single-family construction permits issued was $108.8 million. This is 14% higher than the $94.6 million reported one year ago.
The number of permits also increased when compared to 2015. Over the last 12 months, 535 single-family new construction permits have been issued. This up from the 453 permits issued one year ago.
How do these numbers compare to pre-recession levels?
The annual average number of new single family homes constructed for the ten years before the recession was approximately 1,200.
While current trends reveal significant increases over the last five years, the 535 single family permits issued over the last 12 months is approximately 40% of pre-recession levels.