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Posted on November 2, 2016
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.